I'd also tell them if they aren't happy, they are welcome to break the lease without penalty, but that this is a one time offer that expires in 72 hours.

There have been brokerages offering flat fees and failed.

Unsolicited phone call offering to buy a condo I own 500 miles away in Texas panhandle.  

I am too lazy to look it up, but pretty sure it is legal.

The price was lower than anyone else offered.

we pay a LOT of money for legal advice, legal document preparation, etc., the result is that we aren’t challenged when we need to take ownership if the borrower can’t perform.    

.- The whole process is simplified—no co-ownership legal headaches.I’m curious about the pros and cons of something like this.

If I create a debt fund that offers 9% interest on first lien notes with a 5-7 year payout, would that be attractive to high net worth investors?

, it's still highly unlikely that an appraiser would have given value to this bathroom in any case, so we're not losing anything from an appraised value standpoint.Seller should be more than OK with it once you educate them on the fact that of all the offers they are evaluating, yours is the only one willing and able to execute a plan to close on-time, without delay, in spite of the flagrantly illegal and unpermitted bathroom.

Look for a local credit union that can offer a cash-out refinance once the work is done, ideally with minimal seasoning.