He’s like her to stay, but understands that the market rents are much higher.I’m wondering your thoughts on how to structure a deal to keep her in the unit at a slightly higher rent, but push for a discount on the asking price.Any ideas of an innovative strategy that could be a win-win?

If you collect any meaningful amount towards what he owes consider it a win. 

I don’t understand how to structure a deal with another investor so we can both win.

(I know....I know...this is quite a wish)You invoice this tenant for his or her current months rent of $500.00.He or She pays you after winning the lottery $6,000 to pay his or her rent in advance for a year.You receive the tenants payment as you normally would.

I learned SO MUCH on this deal and definitely did not get to take all my money back out, but I consider it a win because I'm cash-flowing $600+/month and was able to take out $112k of the $145k I spent, leaving only $33k in this deal.

I learned SO MUCH on this deal and definitely did not get to take all my money back out, but I consider it a win because I'm cash-flowing $600+/month and was able to take out $112k of the $145k I spent, leaving only $33k in this deal.

Loan terms for this transaction structure are excellent and now is a good time to lock in a low 10-year fixed rate on the financing.

And this assumes you win the eviction!

The reason they can't obtain financing (generally) is because they are financially irresponsible.If it's structured correctly, you will win if it falls apart and you'll win if it goes through.

Make sure that you have an excellent GC lined up who understands the process and is comfortable working with the 203k loan.