I have success in helping my out of states and foreign investors purchase properties with this type of loan.

I am in Florida and we have a strong STR market and most of my buyers bought at high rates and using AirDNA we were pretty spot on for the numbers and we were successful in being profitable.  

So, WHY screw with a successful system that your able to operate without undue stress? 

If they are the one providing most of the cash, they might not want to carry that liability, but you've already negotiated with your partners on this and then the bank isn't cool with it, you could be in a pickle.

Is it legal to offer to rent the property back to the homeowner who already lost their home to foreclosure when negotiating the redemption rights purchase? 

There are over 300k people in the greater Amarillo area so a cool event space like this could be very successful.

Ineffective or Absent Conflict Resolution ProcessEvery successful group of people needs an effective conflict resolution process characterized by:simplicity to understand and remember;quickness to start and complete;a clear vocabulary.My company, Livingsmith uses and recommends the 5-on-5 Process for conflict resolution in co-living homes.2.

Success comes from consistent action and patience, so keep refining your approach and scaling gradually.Good luck!

It's 5 years into payments and going strong. ya suing on land lock is not a given right and is not always successful good job selling to neighbor.I also have one.. bought house at foreclosure.. 

When you find good subs pay their price to get started but dont be afraid to negotiate...without lowballing.