The best thing we have seen work is to simply tell the potential members that Co-living is not for everyone up front. 

If you are considering using a more commercial method, such as a DSCR loan, those products are simply reserved for commercial use and not personal.

But if the blue sky materialized then repurchasing that equity could still turn into a win/win.

When those elements align, it gives you a buffer to handle the inevitable challenges that come with a fix and flip or hold.The entry price, especially, is such a game-changer—it can turn even a tricky project into a win if it’s favorable enough.You have to be able to put together all the moving parts, and make all the planets align! 

If you win out a lien in her house.  

It binds the landlord, but honestly has little binding effect on a tenant when they simply choose to leave.

If so, you may choose to simply add it to the lease as being damaged at move-in so the tenant doesn't get charged for it when they leave.

I know I am probably not the norm but its sad when you see what you wrote Don, as you infer, the only ones who win are the attorneys. 

It's a huge win, and I admit, at the top end in terms of outcomes.Most deals are leaving $5,000 - $15,000 post-refinance but still nicely cash flowing.In short, yes, there's a lot of opportunity in Detroit but you really need to understand the market or work with folks that do.I'd be happy to chat with you or anyone else looking at the market there.

I would have talked to them BEFORE cancelling the painter and given them the option of which way to go, but since you already cancelled the painter I would simply charge them prorated rent for the 5 days until the painting is complete and deduct that from their deposit.