The ROI would be such that we would make money on the rehab as long as it stays within budget.

If they wont be breaking any laws or HOA issues or damaging the property by parking there, I would get an "in writing" time they will be there, and go from there.....At least they asked before hand....many tenants would just do it and then ask for forgiveness if they get caughtNext question...how often is this "friend" staying there?

It allows for overnight guests but extended stays must be approved by landlord.

The closing cost was based on a refi cost I got but you’re right it is probably too low.I didn’t calculate the ARV yet...I decided to stay conservative and keep to the same as the purchase price.

He is pretty conservative and has encouraged me to stay away from some of the properties I've been interested in for various reasons.

I am about to dive head first into Multi Plex investing, as I have always stayed in the SFH side of the pool.

Stay active on the forums, there's a lot of great info out there.

Stay with the deal or jeopardize losing the property (whatever makes most sense In your situation).

(Which never stopped any non-attorney investor from chiming in.)But I have heard numerous attorneys debate this issue to death, and I only learned one thing: two attorneys will NEVER agree on liability protection in general and on effectiveness of LLCs in particular.

She's been there for 4 years, maybe she'll be alright and stay 4 more.