A grand negative cash flow is not the issue.

Hi @Mindy JensenI had the same issue as  @Deborah Burian.

A professional manager can find qualified tenants who respect your home and handle day-to-day issues.

For big BRRRR projects, hiring a project manager or having boots on the ground can be worth the investment to keep GCs on track and catch issues early.I’ve had OOS clients who’ve been successful both ways—some met their GCs in person and others didn’t.

I want to ensure that the structure of these investments I am working on correctly address key issues for investors. 

Based on your numbers, and assuming you have a credit score high enough and have never filed for BK, you shouldn't have an issue getting approved for an HML to buy/rehab the property that I would estimate at about $370k-$375k (which includes 100% of the rehab costs).

Any legal issues I should be aware of in this situation? 

We've never had any issues whenever we submitted a claim, and they would take care of the type of situation you're dealing with.  

Our primary issue on both previous CPAs was lack of engagement/enthusiasm in their work.  

Our rep at Lendbase never called to apologize or ask if a prepayment penalty was an issue for us.