There are ways you could do this, but it sounds like you've already resigned yourself to the loss so I won't bother.

Agreed that Georgia is a very fast foreclosure state and that foreclosure would likely be completed faster than the appointment of a receiver.

However I would say those lenders would be more willing than a bank to write the mortgage, and after completion you can refinance it.Overall, its probably easier and better use of your time to just find another house that doesn't require the construction and where the numbers make sense.

It sounds like you’ve been doing some serious groundwork with all the reading and research, which is such a strong start to your journey toward FI and retiring by 55.It’s awesome that you’re exploring real estate as an option, even if you’re not completely sold on being a landlord yet.

@Audrey Sommer You’ve been given some completely inaccurate information.

Sounds like you’ve taken the right steps so far by giving formal notice to vacate.

Hi everyone!have strong desire to venture in real estate and have read books about real estate and the book I'm currently reading directed me to get more insights from here!I'm from Africa Zambia,does it really take o...

MTR sounds interesting to look into. 

This was not a complete rehab, we were keeping the main bath, moulding, and original dooors. 

It sounds like they just sent you to a lender and builder and maybe they got a piece from each?