Leslie, sounds like you approached it more from a management perspective or returning guest.

My investor clients are typically happy with a small return right now but are buying on the idea of refinancing and getting future higher cashflow, principal paydown, and appreciation. 

Prioritize stable cash flow, good location, and manageable property condition, while considering strategies like gradual rent increases, expense reduction, and value-add improvements to enhance returns.

$400k equity is producing $1600/month cash flow for a return from the cash flow of 4.8%.  

Legitimate, in this case, means that the entity is part of an overall business investment strategy whereby you have a business plan, tax returns, and the funds you seek are for further business expansion.If, however, the LLC is a stand alone entity, is not profitable, or is not legitimate, then your probably better off putting into your personal name and securing funding that way, or still talking to local or regional banks to see if they have any loan programs available where you might be able to secure financing.

From the Great Recession to Q1 2022 it was easy to find RE that seemed very likely to produce outstanding return. 

If you do decide to help them out and rent continues to be late simply have a talk wiht them and remind them that rent helps pay your bills and since you did them a solid ask for the same in return.  

.——————————————————————————————————🎄 Enchant Christmas Returns to Las Vegas!

Right down to the closing documents that you sign being returned to you in blank.

Are you accounting for everything—taxes, property management, maintenance, insurance, reserves—and still hitting your target returns?