Sounds like a hard money lender that wants to take a property from you when you default.There's a lot of issues here starting with a guy that will loan you money and once it gets difficult wants you to abandon ship- red flag.There are a lot of unknowns here but trying to dump it seems like a 100% guarantee to lose money.

It seems like a hard money lender typically a private individual or venture firm) would be the only route to go since they are a little more lax on lending requirements than a conventional lender.

Account ClosedThanks so much for sharing, lead source is so critical and it seems to be where the most pain is felt early on. 

My lender seems a little iffyy, I'm not sure if how I describe my intended use of the property will influence if they give me a loan. 

It might seem like you're doing more than 50% of the work and maybe that is true. 

That seems to be the best middle ground here if you are open to it.

It seems like a sweet deal for the tenant and the house is actually great in a B area.  

The buildings are not renovated, but they seem like they're in okay condition from the pictures.

I work a 9-5 and wouldn't be able to do this myself - I see BP has partnered with CallPorter but they seem to only do inbound calls, not outbound.

This inspires Jian Yang to decide that instead of leaving, as Erlich requested, he would instead stay and simply stop paying rent.While that episode was quite amusing, some municipalities seem to be trying to transcend parody into something beyond satire.