the ONLY true way to reserve for sub to melt down is to have the money in the bank to pay off the offending mortgage full stop any thought of trying to refi etc is just wishful thinking sellers credit will get hammered while you go through the process.

You would typically use a lawyer to set this up for you.

Looks like another bad operator is at it again with an attempt to keep their poor investments alive, this time from Rise48.

I love this area!!

If you rented this home and it was putting $3K positive cashflow yearly in your pocket, the returns would be 3/4=7%.  

Moore: Thanks a ton for this input.

How did you find this deal and how did you negotiate it?

The contractor likely used a subcontractor for this that wasn't top notch.

How did you find this deal and how did you negotiate it?

Well, this article says otherwise.