More the reason for them to pass along the renters to me at an agreed upon rate.

Please contact me at your convenience.

Just not sure how much meat is left.

also, i should have never paid him the second installment which puts me at about 40k with him and there has MAYBE only been about 15-20K in actual work completed by him. so do i ask for an agreement on the cost of work that has been done and ask for a certain amount of money back so we don't Have to go to court?

Especially being so young but I won't let that hinder me at all.

I know she would rather stay in the house but that seems utterly infeasible given her situation.Numbers would be something similar to this:Remaining Mortgage: $35KCost to Make Current: $8KLiens: $10-15KFamily Payoff: $10-15KGut Rehab: $40-50KTotal Project Cost: $103K-$124KARV: $168KRefinance @ 60/40 LTV: Pull Out ~$68K/Remaining Loan $100KProperty Tax: $2700/yearInsurance: $1000/yearPITI @ 5% interest: $845Post-Rehab Gross Rent: $1,300/monthObviously could go lower on the LTV to pull out more cash if necessary, but this scenario would put me at $35K-$55K out of pocket which is essentially the same as a 20% down payment on the similarly price property but it'll be completely renovated so should make for a great rental with very little CapEx and maintenance early on.

House hacking is not an option for me at this particular time and I agree with the renting idea I believe but can I get an investment loan without having a primary residence?

I planned on kinda mapping out to him how I got to the 10 thousand mark because I think I need a reason why he should give it to me at a certain price.

If you have an interest in selling, please call me at (phone number), or alternatively you can email me at (email address).Thank you for your time and consideration.Sincerely,Connor HeimI'd love to get feedback on this strategy and what you might do differently to find a seller.  

My company matches dollar for dollar my 401k contributions up to 4% of my salary. 4% of 60,000 is 2,400So if I contribute 2,400 my company adds in another 2,400 to put me at 4,800.