I would try to communicate with your tenant and see if you can perhaps establish a payment plan, they can file for unemployment or seek rental assistance with any local agencies in Indiana.Good luck!

The highest predictors of goal achievement are the 80/20 activities that are identified and codified into individual actions and tracked fanatically.Discipline 3: Keep a Compelling ScoreboardPeople and teams play differently when they are keeping score, and the right kind of scoreboards motivate the players to win.Discipline 4: Create a Cadence of AccountabilityEach team engages in a simple weekly process that highlights successes, analyzes failures, and course-corrects as necessary, creating the ultimate performance-management system.One of the keys to a successful remote work structure is excellent communication.

We are working as quickly as possible to add these options to our system so you can count on efficient processing of these requests.

I used my realtor as a GC and his communication with me is awful.

I was able to communicate with him through many text messages every few days or so, to track progress, and had a total of 1 phone call since work started to discuss additional things I wanted done after work started.The rehab took 5 weeks, as we had agreed on from the start, and everything came out great.Keys were passed over to my property manager and the property was listed for rent at $1,895.

We issue a few 1099 C's a year to the tenants that did not communicate and forced us to evict.

From the side of someone providing capital, I'd be scared that you don't have the experience or contacts to execute a rehab efficiently or operate a rental property (maybe you do, just an assumption), so I'd want more of a partnership scenario.Based on the information provided, I would propose something along the lines of these two options:Option 1 - You Keep Long Term EquityPurchase $300k via installment sale of $14,000 per payment, paid yearly for 40 yearsRehab $100k (or whatever it ends up costing)Title to be held in capital partner's nameAll net rent proceeds to capital partner until they get an 18% IRR on invested capitalCapital parter goes away  Option 2 - True PartnershipPurchase $300k via installment sale of $14,000 per payment, paid yearly for 40 years.Rehab $100k (or whatever it ends up costing)Form a GP or an LLC and hold title in that entity's nameDo the renovation. 

Hi @Myles Penner I will recommend that you speak with a cross border accountant who may be able to advise on the most tax-efficient structure.You can PM me if you need further information.

Also, insurance and taxes per unit are more efficient. 

Categories such as "demeanor during application process" or "communications with landlord" or whatever.