Stay loyal to your contractors that do a great job, repeat business and volume are key to keeping your pricing low.Get a signed contract, in many states this is the only thing that holds up in court.  

I file "Pay or Quit" notice followed by an unlawful detainer petition in state court.

The seller is also aware that 100% of the proceeds of the sale will have to go to the IRS to pay down the $330k lien of his father's estate.

My brother and I are currently selling a SFR which was rented for many years. 1031 exchange advice and looking for general advice on how to re-direct those proceeds in a very hot DFW market.Thanks!

Good deals are far and few....If you were in my shoes how would you proceed?!

I'm looking at a 70% LTV to cash out refinance and reinvest the proceeds but is it worth it yet? 

The buyer would potentially provide a down payment (agreed by both parties) and then the seller will hold a promissory note for the difference between the sales price of the property and the down payment provided by the buyer.In essence, the seller then becomes the bank/lender and then must follow all of the same laws that lenders must follow in the event of a default and formal foreclosure proceedings must occur.In regards to the renting of the property.

I want to employ a BRRR strategy locally in Richmond with the proceeds.

I am looking for info from residential apartment developers on the best way to proceed with this.

For example if you owned property in Montana in an LLC, then you may, in fact, need a property managers license (or brokers license) to manage it by yourself.Similarly, most judges would not allow you to proceed with an eviction, since you would be technically representing your company, not yourself - so you would have to get an attorney to do the eviction.Agreed that the mortgage doe not make a difference.If you are concerned about this may be worth checking with a local RE attorney on the legalities of different types of RE ownership.