You ask for all this money upfront for the modifications and might be able to also ask for the market cost of returning the property to it's original condition upfront to put in escrow (any fees for setting up an escrow account as well).They are also liable for any damage the animal does as well.  

@Angie RussellTo garnish wages, bank accounts, etc. you need legal approval.To get legal approval, you need a judgment.Or, as previously posted, all someone can do is make threatening calls to collect, but can't take action.

Instead of just taking out the $100K + $30K of HELOC to pay for the $100K purchase price + rehab, I take an additional, let's say $20K from the HELOC and transfer it into the LLC business checking account and consider this my "Holding Reserves" in order to pay off the month interest - only HELOC payments until the house sells.

Transparency and Accountability:Clear communication about how donated funds are used, the impact of projects, and the specific goals of building net worth for different stakeholders is crucial for transparency and accountability.9.

If all I did was sell and put the money in a high yield savings account, I could make nearly that much with no effort. 

I keep hearing about 1031 exchanges, but I'm finding that flips typically can't qualify because I need to hold the property as an investment for two years and then my profits from selling need to be held in a 3rd party account until the purchase of a new like kind property.

Holding people to account for breaking the law - and if he's misappropriated this man's funds, that's what he has done - is not a waste of time; it's the foundation of all property law.

He'd make all his payments into an escrow account and I'd only get the money when I deliver the condo to him.

I AM NOT AN ACCOUNTANT AND THIS IS OPINION NOT NECESSARILY FACT, PLEASE CONSULT AN ACCOUNTANT OR ATTORNEY TO MAKE SURE YOU DO IT THE CORRECT WAY.Yes, that's the way to do it correctly if you do not have individual bills per property but rather the complex as a whole.

Does anyone do this just for the equity you can get and keep cash in your accounts or do you just buy and hold?