Either he didn't vet the contractor well enough or he didn't manage the contractor well enough -- and many rehabbers don't like to admit it was their screw up that resulted in losing money.

The closing agent will give HUD your deposit, because they don't want to lose their ability to close HUD transactions.

But at least this way you run much less of a risk of losing the tenant until you are ready for turnover.

In the 2008 real estate pullback did the vacancy rate increase significantly from previous years because people were losing their jobs, or did more people begin to rent because they were losing their home ? 

All I'm saying is that based on speaking with those attorneys, these types of JV deals are best done with friends/family who aren't likely to sue you if something goes wrong and you lose money in the deal.

The question is, can you afford to lose the condo.

If the market goes sideways and then down, you'll lose a lot more than a tax write-off for $28,000 in commissions.  

Beginning to lose hope in a blanket loan, umbrella loan, all encompassing loan, whatever you want to call it, with a rate anywhere close to prime. 

Thus if his current payment is $800 a month, then according to the bank he is losing $100 a month.. 

I decided to hire a developer because every minute that I'm spending learning how to code is a minute I'm losing selling.