The customer wants to sell for 135-137, ARV is 145, repair costs of house is unknown.Under this circumstance I plan on tying up the property as a “subject to” current loan.

Claiming to have a million in income and neglecting the expenses wouldn't change the bottom line, but would result in a much larger tax bill and a more attractive loan application. 

There are some circumstances where a portfolio lender (a lender who holds the loan) may be the best option and at times the not so best.  

The customer wants to sell for 135-137, ARV is 145, repair costs of house is unknown.Under this circumstance I plan on tying up the property as a “subject to” current loan.

The owner tried his best story of circumstance to get me to pay early.

.#2 It's just a neglected property, no matter if its a corp LLC or individual that owns it they seem to now be giving it the required attention.If you want you can PM me and shoot me the address and I'll help you look into it.

Thanks jon, its not like i want my full deposit back, im fine with cleaning costs, and general maintance, but 500 for blinds, when the walkthrough stated blinds were missing and damaged when we moved in...I feel like their trying to get me to repair the house they have neglected when asked to do maintance.

Sure there are a few exceptions of section 8 tenants who keep a nice place despite their unfortunate life circumstances.

"if I do that myself, the numbers will work", he will continue to be run by his business and at the end of the day, a victim of circumstances he created for himself.Congrats on your fourth property.

Under the terms of the senior preferred stock purchase agreement, dividend payments cannot be used to offset prior Treasury draws, and we are not permitted to pay down draws we have made under the agreement except in limited circumstances.