This requires research and time which once I did using excel files and pen and paper.

Reality is often completely different than what it looks like on paper.

On paper I'm ready - I have the money, I've done the research, I have well-defined property/neighborhood criteriaI, I have an agent, contractor, property manager, lender, etc.I'm targeting off market deals with light value add potential in an area with high appreciation potential.

Every other borrower has the right to declare bankruptcy when they find they can't repay a debt but the ones who signed a paper back when they were 19 years old.

This lawyer who has the redemption rights is suing them stating that he is redeeming the home at the $75,000 amount because he claims that he didn’t receive the improvements paper work within a 10-day window that he demanded.  

@Andrew Postell If the initial mortgage (LLC to individual) is for ~75% ARV, but initial purchase price is for much less than that, then how do I make the proper paper trail for the lender to see? 

That consult with TrueBooks or a real estate savy accountant would probably help put some estimates/numbers on paper

I am aware of that. here is an example of my question to better explain it:John has paper losses in the following 3 properties carrying over from 2023:Property A: -$100KProperty B: -$120KProperty C: -$80KTotal portfolio Loss (combined) from 2023: -$300K In 2024, John sells Property A for $500K (with no debt).

We are just starting to get into talks with local banks about buying their paper.  

I would simply have left a welcome kit for each renter that included some shelf paper, toilet paper, and a new milky white shower curtain, plus a small bag of Purina if they have a pet.