They spent the past 3 days rationalizing that this was a great excuse and thinking about how well the conversation will go for them for it to all collapse in an instant.

It's actually funny....I heard the news break about the 'good economy' while listening to a show on Sirius POTUS channel with a national expert throwing out depressing numbers about the huge numbers of people living paycheck-to-paycheck (40-something %), and the increasing popularity of using these Payday Loan places (12-something %)So no the economy is not doing that well, but they can cook the books to make it look good (and both sides do)....

The property is valued at $3,000,000 but is under contract for $2,500,000, providing instant equity of $500,000 upon closing.I am actively exploring ways to quickly secure the required $300,000 and am considering various strategies, including negotiating with lenders or partnering with an investor.

Sever that "POW" it instantly lost value big time, you gotta start from 0 all over again. 

@Eric Sulek Pay off high interest debt like credit cards (and then don’t use them unless you can pay them off entirely each month), car loans, payday loans, things like that.

Net rent.ltr is good consistent, ours are upper end ltrs and str I have found that in my area I enjoy the off-season almost as much as the busy season- where you can enjoy the payday you got as well as stay there a bit and fix up a few things. 

We have used Venmo (or Cash App) which is no fees if it's bank to bank transfers, and relatively quick - just sent CashApp to instantly deposit any account balance after money is received.The other option we have used with some responsible tenants - direct deposit.

At my dad's house, the solar panels paid off instantly - he lives on the side of a mountain, and it was gonna cost like 40k to run power lines up there.But, that is also another maintenance item that will break down from time to time, meaning more repair calls for you.

Don't expect instant riches.

Obviously, if I can afford to buy a house, I can afford to lend them $200 til payday, so I should lend it to them.