What is everyone's favorite form of creative financing (seller finance, subto, etc..) ?

They literally went through each operating agreement and prepared an email listing out each member of each LLC and clarifying they each had to guarantee the loan despite the fact none of those entities were even being used for the purchase (which was previously explained to Dominion Financial). 

Are you prepared to do that? 

We are now preparing to foot costly lawyer fees ($10k+ according to our lawyer's experience with difficult cases like this), and likely won't see a cent back since we have so little information about these people and they may not have anything to lose.My heart goes out to everyone who is truly struggling due to the pandemic and are, in earnest, doing their best to be responsible tenants by communicating with their landlords and trying to work things out.

Alternatively you may decide not to address the capex but be prepared to deal with high frequency maintenance requests with duct tape repairs. 

just to be candid, unless you're using some kind of creative strategy... you need a really solid amount of cash including reserves. 

I specialize in 1031 exchange, investments, and creative rental strategy so I can confidently and deeply analyze your situation.

It sounds cheesy, but the best way to prepare is to work with a friend or two and role-play.

I am preparing for a few years down the road when my kids are in/through college. 

While the numbers they provide might make sense under specific conditions, it’s always a good idea to apply a more conservative approach to ensure you’re prepared for the unexpected.For vacancy, the tenancy averages they’ve shared (3.8 years for C class and 6+ years for B- class) aren’t out of the realm of possibility, but I’d treat them with caution.