Small-gold hoarders were screwed in the 1930s in a forgotten chapter of history.

@David M.I had forgotten about the 203k option.

At least that I can think of.This place is completely forgotten about and an eye sore, but I think I can do something with it. 

But, I am thrilled to have an overall positive result in net worth, and a great experience to learn from for my next deal.Financial ResultsPlannedActualPurchase Price$51,500$51,500Renovation$35,000$80,000All In Cost$86,500$130,500ARV$135,000$170,000Rent Income Before Refi$0 [didn’t plan this]$2,400 [only 1 unit rented so far]Money back from Refi$94,500$119,000 - $4,000 closing = $115,000Money Left in Deal-$8,000$13,100 [calculation: $130,500 - $119,000 - $2,400 +4,000]Net Worth Impact+ $48,500+ $41,900I had forgotten that my renovation budget was initially so low.

If it was a simple forgotten payment, I highly doubt it would have gotten to the filing stage.

@Kevin Hunter, I haven’t forgotten about you man.

Since you're in the middle of all of this, guess who's getting named in the lawsuit no matter which side is the source of the problem.Not to completely sound like a hypocrite who has forgotten the golden rule, but I was hoping I could just assign my rights away and be out of being the middle man with a an anvil looming overhead.

While I have grappled with the idea of RE in the past, I haven't seriously considered it until now.After being a star employee for almost 25 years, in the end, my loyalty has been forgotten.

Plus with a 20+ year time horizon I hope the current real estate market is long forgotten when its time to sell.I think I'd even be OK with low positive cash flow.

The potential roommate has risk here as well, which most posters here have forgotten.