The idea that you can build wealth without putting any money into it is a recipe for disaster and the sales pitch of gurus trying to steal your money.

I'd seen and been part of several conversations regarding single-color-paint-schemes, and I liked the look and idea of doing it, but after talking with my brother-in-law who owns a successful painting business, and my father, who owned a successful painting business, I decided to abandon the single color scheme.The primary reason behind our choice was what you mentioned.

Currently they have average finishings for the area.I have an idea on the rents but would like to hear what other people are currently renting their units for.

Waivers usually do not hold up in court.  

Do any of you have any ideas for other ways to get out of the hard money loan on this property?

I will preface this to say I do NOT hold myself out to be a sub-to expert so if I am wrong below I hope I will be corrected because I would LOVE to know what I am missing here. 1.

That's a great idea that you have!

So, it seems you are trying to do this all on your own, NOT a good Idea.

Most people don't want to hold their note for 30 years outside of a lender.

I'm interested in buy and hold deals through the BRRRR method.