Here’s a simplified breakdown:Lease Agreement: Since your buddy signed a 12-month lease in July '24, he is legally protected until the end of the lease term unless the lease has specific clauses allowing early termination under certain conditions.No New Lease Signed: Since no new lease was signed for the new home and no formal agreement was made, the original lease terms for the townhouse still apply.Landlord’s Request: If the landlord wants to break the lease or has changed their mind about the swap, they would typically need a valid reason, like a breach of lease terms, or might need to negotiate an agreement with your buddy (buy out)Legal Advice: Your buddy might consider consulting a local attorney or legal aid service for advice on his specific situation.

Am I allowed to accept partial/full payments once eviction proceedings have started?

So borrowers need to qualify for the full draw amount with current investment property interest rates of near 12-13%. 

So, if things do go sideways, it's much harder to negotiate your way through.And, provided your loan is structured properly and closed with a competent title agent, I see no greater risk working with a private lender than with a traditional one.

Also, Its nice to see another fellow eXp Agent on here!

I'm a Licensed Real Estate Agent in Upstate NY - more specifically the Capital District outside of Saratoga Springs, NY. 

As long as the property was ready (habitable) and available for rent (advertised for rent) then the property was in service. 

Make sure it explicitly explains the process for termination if you are unhappy with their services, especially if they violate the terms of your agreement.3.

I'm also looking for investor-friendly agents and brokers to team up with to take down MLS distressed properties.I'm easy to talk to, and great at communication via text, phone, or email. 

The wood route will require less maintenance and attention from a service company.