What started as a promising BRRRR ended with us making the tough decision to sell at a loss after an unexpected disaster.The Numbers:Sold for: +$230KPurchase Price: $115KClosing Costs: $3KRehab Costs: $105K ($49K original rehab, $56K additional repairs due to the car crash)Holding Costs: $31K (12 months)Selling Costs: $16KInsurance Claim Recovery: +$25KNet Income: - $16KWhat Happened:This was supposed to be a BRRRR.

Now, with me being back I'm returning to my original plan of wanting to house hack in the Greater Boston Area.

Originally posted by @Chris Baber:Hi Terry, I'm curious who you went with to manage your new property. 

I purchased a FIRST LIEN Purchase Money Mortgage that foreclosed, originally from 2006.

@Scott GorhamSome of the strategies for buying a property if the original mortgage stays in the seller's name would be subject-to or a wraparound mortgage.

Assuming you've met that, your original loan amount was ~$364,500 with 10% and a purchase price of $405k.

Once the interior was stripped and the infrastructure tested, I brought in commercial contractors to handle critical systems like plumbing, electrical, roofing, and HVAC installation.The house, built in the early 1900s, was originally a coal-burning residence.

Originally posted by @Daria B.

Not only were they followed when originated but are they witha  third party servicer now ?

My original SFR was 1100sf and I added 2 units: an 800sf SB9 unit and a 750sf ADU (converted garage plus addition).