Then come to find out after installing it, that the problem was just the float switch.

This scenario seems to give the buyer what they want, and unless the land contract forbids subleasing, it works well with the existing land contract in place.If and when you exercise the option, the buyer (who will actually be the owner at that time) still prefers an installment sale for tax purposes, that can be done.

The squatter never installed nor picked up the material so I was under the impression that nothing was being done after I wired him money because nothing has been installed.

To me, the solar is a burden because it doesn’t generate much income and the installation company went out of business so there’s no labor warranty.

The challenge that many borrowers run into when looking for larger equity lines with limits  of $250k+ is that they typically require full income verification (not always bank statement and DSCR exist) with lower DTI ratios (43-50%) however although the repayment scheduled is based off a simple interest only payment, (usually a 30 year amortization schedule with the initial draw period of 5-10 years) the qualifying rate is based off of the converted twenty year amortization schedule (240 equal installments) of the payback period.

To my understanding too, you can rent your property out while you wait for the inspection and results, and if you miss some items on the inspection they're pretty easy to work with to get it remediated (In my inspection I was missing a smoke detector in the basement and they let me send photos when it was installed).

In that time the water heater (brand new and installed 2022) built up soot on the ignition area, at one point the tenant repaired themselves and it worked but went out again.

I'm doing some improvements before listing on Airbnb, including installing a small half bath in the attic bedroom.

So if someone is changing light bulbs out, that would be a different rate than fixing a running toilet or installing new blinds for example.

After closing, my first orders of business were to swap out the toilet ($130) and install a new and significantly nicer shower head ($30), which solved both of their problems.