We had a tenant recently who wanted to be paid back per diem the remaining days of the month that they paid for and it was too "nitty gritty" for me since we don't rent anyway "per day" and it felt like they were trying to get every last bit of $$ out of us at the end so not a nice feeling.

What I found helpful was that it was flexible since the whole course was pre-recorded videos with printed materials to go with it.  

If it's higher than the 200k that you might be able to find someone to support some/all of the 200k, but they'll want equity or to be paid back over time with interest.

I know there is no certain outcome on the markets for this question, but I I want some of your thoughts on what is to happen and if it is worth it.My finance and I are pre approved and ready to rock if the time and home is right.Jaime R.

Interestingly, they've recently negotiated a re-purchase price with us IF we bring new funding to the table.The rehab is required for several reasons: (a) correct the damage the bank has allowed to happen to the property improvements these past few years (known problems include completely destroyed pool makeover; wild animals living inside the residence; flooring missing in sections of the rec center building; destruction of the decorative main entry gate mechanism; lots of dead landscaping; as well as latent defects not known to us such as working plumbing, HVAC & water services) AND (b) expansion & upgrading of the accommodations (converting the private residence to a 2-story lodge with the restaurant/bar, reception/check-in, movie room, public restrooms, gym/sauna/steam room/massage therapy room; enlarged pool & deck area with climate-controlled cover for year round use; conversion of former restaurant/bar building to a general store selling venue collectibles & wearables, selected pre-packaged foods, sundries, RV & camping items, bagged ice & a propane refill station; construction of a free-standing event center; free-standing cabins; enlarged & upgraded RV park with its own small restroom/coin-op laundry building; outdoor activity areas; new landscaping & fencing; new parking area & entry drives (personal car & RVs).We know our target audience having created and operated the former version of this resort for almost years creating an initial membership base numbering about 1,100. 

The first fee paid is an installment to leasing broker with more over time.

Essentially, from the buyers prospective, this is a “penalty” paid for either having poor credit (bankruptcy, 90 day lates, overburdened with debt) or lacking income.  

Also, make sure to get pre-qualified from a lender for which ever loan product that you wish to utilize so that you can shop effectively. 

We have experience with this exact type of rental: we know the business, we know the building, we have the contacts, we've done the management, and had other arbitrage properties pre-COVID, etc.

(If they sell to LLC2 for more than they paid they’ll owe taxes.)