I would imagine they would.In order to not let this deal die I would love to hear some ideas from the bigger pockets world on how this guy can get financing.

Derek, I too wondered about the Sean Terry method...he seems to be extremely experienced in the process and I imagine he would be open to answering any questions if he was accessible to get to.

I would imagine that still having the mortgage in your name will only further solidify the non-entity nature of the deal.

Imagine the rehabber who follows your approach and ties up lots of cash in a rehab and is waiting for it to sell, and then along comes one or more home run deals that he/she could have taken down if only .....

I can't imagine a plaintiff's lawyer that would want to take some nickle and dime property damage claim, other than some bottom of the barrel schlock.

I imagine getting it out of your life would have a significant impact on your future financial opportunities.IMOGood luck Jonathan.

Imagine having to break granite slabs just to replace a cabinet with a rotten basement I'd be so pissed

The terms you posted are pretty generous, so if he isn't even entertaining the offer I can't imagine what you could offer, with in reason, to have him give up his position.Even a phased buy out to give him exposure to appreciation wouldn't really make sense for him if his is goal is to build equity long .

This was a ton of work and luckily we are both pretty well versed in such things.Because we did almost all of the work on this ourselves, carefully sourced the labor for those things we needed help on and purchased materials in the most penny pinching method you can imagine, our total rehab costs were $14,568.36 making our total investment $27,729.26.This was a very tough neighborhood but one that did have a good number of owner/occupants scattered among a fair number of renters.

I would imagine I wouldn't make an offer on the spot because I have to run numbers once I figure out all the costs of rehab etc.