Which is why I pay more, for less cash flow in highly desirable areas.In high income areas, rent is a lower proportion of income so therefore your tenants have a higher capacity for paying higher rent because rent is less than 20% or even 10% of their income.

You can reach out to the Title company and see if there are any funds remaining for dispersement, if so then ask if there is a way to make a claim to those funds.

If the loan was fully funded at closing and since then the loan is in an interest-only payment period, these numbers would equal. 

My name is Paul Hearn, and I am a new real estate agent in the Memphis area with a burning desire to work with investors that are wanting to grow their portfolios in Memphis and the surrounding areas.

Donating money to large (FEMA, Red Cross), local organizations or Go Fund Me pages would be the quickest way.

Nick, with the funds you have now, why aren't you going about househacking?

For example, if she can't visit the property, is she good at record keeping (so everything is organized at tax time) or finding vendors, comparing product prices, finding free or low cost items on Facebook marketplace to improve the rental)3. emergency fund.

Lender wanted homeowner to sign something to recieve the funds.

So he can do a crappy job and still get the funds.

Are you looking to pay off the hard money loan, fund another investment, or cover property improvements?