These could be run as rentals or sold as condos.I would consult with a civic engineer who understands land development and can review & explain to you the full potential of what you bought.

If so, print them out or send e copies along with a detailed letter explaining your contract-project based relationship with the individual as a response to the letter.Also, this so called friend would have had to file for unemployment and provide your info even though they know you’re not their FT employer so I’d use the term friend very sparingly in this situation.

I would love the opportunity to hop on a quick phone call and explain my (our) current situation for some guidance.

May someone explain to me how I may help this friend to close on this house?

Your 10 golden tickets explained: Each tax-paying American citizen can qualify for up to 10 Fannie Mae loans.

After explaining what it would look like and how we would benefits she was on board as long as we could find a nice enough duplex.

If you are in my state there is pretty much nothing you can do but, explain the consequences of not paying once restrictions are lifted, and ask nicely for payment.  

Can anyone describe a case where this method would work? I’m a little confused on the part where the refinancing happen. How do you calculate if you want to cash out some of the equity?

Even when I explain the contract line by line, they aren’t listening.

I had to meet with them 3 times just to explain what wholesaling is.