He's going to pay boot tax anyway. 

if it is just the financial side holding you back - let your bank be your partner… or see if you can borrow the money from a family member who knows and trusts you -  without actually partnering with them on the control of the deal itself (pay them interest - or even bring in on the lien to secure their position the first time) - but let them be the finances and you control the project. 

Living there I happen to know several tenants aren't paying and there is no restaurant currently there and hasn't been for years. 

TIA@Shi Esguerra I am a fellow investor and realtor working with other clients in and around the Dallas/Ft.

The QI is just there to receive the money from the first sale and pay the next, so that you are not taxed on that transfer. 

To me, that's just taking advantage but people will pay what they will pay.$1k UW - This is within the range$1k Legal - This is within rangeAdditional costs - title, appraisal, property insurance (~$2k)10% of renovation estimate as contingency due at closing.Renovation funds issued on a reimbursement basis for work completed. - I never, ever heard of 10% of the renovation funds due at closing and I've closed 100s of bridge loans with many different lenders.I think there's way, way better terms out there but I do not know your credit, if it is good these terms are way off.

Aligning with a mortgage lender that puts their clients first pays off when the going gets tough..and it always gets tough no matter how 'clean' the borrower.

I helping many clients use their VA loan to purchase properties in IB.

The goal is to use post-tax dollars in order to avoid paying taxes on the gains.2.

Sometimes they will pay you to install for added business.