If a homeowner express to you that he was thinking about doing a deed in lieu rather than allow you to work the short sale and purchase the property, how would you explain to him the benefits, if any, of a short sale over a DIL?

She is down w almost any decision I make and I have already expressed that selling my house in LA was a possibility.

Shocked, I immediately expressed my displeasure with the number and wanted some answers.

I stayed in contact to express my interest and eventually made a full price offer (which I was fine with) in November before it went on the market.

That being said, I have several business checking accounts with American Express. 

Realizing that this was going to be an issue whether it was with these tenants or with future tenants, and also that a lot of this WAS my inexperience (we only had one car and parked in the garage so it was NEVER an issue when we lived there)  I decided to move forward with the parking spot, which cost me $2300.  2 Days before it was set to be installed, I got a VERY long email from the tenant expressing his frustration and lack of confidence that the parking spot would be installed at all, and requesting that I agree to shorten the lease from 1 year to 6 months with a month-to-month option following. 

Although I've heard the sentiment you expressed before, what is the authority to back that sentiment? 

Your time here will be well spent.Since you expressed an interest in buy and hold, I added the below links for your review.http://www.biggerpockets.com/renewsblog/2013/01/04/how-to-rent-your-house/ (house rental guide)http://www.biggerpockets.com/renewsblog/2013/02/22/buying-rental-property/ (how to buy a rental property)Now that you have made the move, below are some links that will help with the navigation of the site. http://www.biggerpockets.com/startherehttp://www.biggerpockets.com/meethttps://www.biggerpockets.com/alertsHow to Use @Mentions on BiggerPocketshttps://www.biggerpockets.com/ruleshttps://www.biggerpockets.com/termshttps://www.biggerpockets.com/inviteshttps://www.biggerpockets.com/forums/categorieshttps://www.biggerpockets.com/courses/a-beginners-introduction-to-real-estate-investing (video courses)https://www.biggerpockets.com/real-estate-investing (Ultimate beginner's guide to REI)Before your 1st purchase, please ensure you visit the below link for some tips.https://www.biggerpockets.com/renewsblog/2014/12/19/real-estate-investing-success-smart-tips/REI books suggested by BPershttps://www.biggerpockets.com/renewsblog/2015/11/13/7-real-estate-books-beginner-investors/ (7 absolute must read books for beginner REIs)http://www.biggerpockets.com/renewsblog/2013/04/14/best-real-estate-books/?

The thoughts that you express in this regard are exactly why I am able to do this.

I've had about 10 meetings with friends that have known me for about 1-2 years over these last 2 weeks and I believe only 2 of them have expressed interest in investing in those STL projects as private money lenders.My partner and I current have 7 units in our portfolio and we're looking to expand our portfolio to 150 units in 2020 but, to do this, we need to raise about $5 million.