Sound like a win to me.

I think it’s a win-win since they will make 10% on the rehab, I get to be more hands off and they will get to manage the property at the end of the rehab.

A tool I have communicated to the cleaners I ultimately did not hire was to ask them if they would be interested in working on an "emergency" basis just in case my new hires are not reliable... they like this opportunity and will likely make it a point to deliver as a chance to win business.

@Burke Fisher from what I’ve heard, and please correct me if I’m wrong, you can’t give an unlicensed person anything over 50$ for a referral fee, which must be given as a gift card (excluding bank cards) and anything over and your breaking Texas Real Estate Commission rules.

The issue of not making excuses is such a big one, no matter what good or bad cards we’ve been dealt.

And if the market gets warm enough credit card backup is a requirement, right now it’s optional.

@James M Fario a no money down deal sounds like a win!

This is a great example of how "saving" a little money by neglecting maintenance can cost you much more in the long run. If your rentals are well maintained, you'll get better-quality renters, they'll make more effort...

You see, there’s nothing worse for an attorney taking on a contingency case, fronting all the legal expenses and investing their time to win a case and obtain a court judgment – then NOT be able to collect on the judgment.So, astute attorneys will research the available assets and insurance before accepting a case on contingency.

I was originally going to refinance out of a hard money loan, but had to evict somebody in the process I missed credit card payments and damaged my credit so I am unable to refinance.