He has already clearly demonstrated his inablity/unwillingness to pay for what he owes.You also should not have let him move ANY of his property onto/into your any part of your property until he has paid you ALL of the initial move-in money (rent + security dep).As for what you should do now, I would cut your losses and refund the $200 he paid to you back to him, and the $400 the GF paid to you back to her.

Hope this clears up my posting.

With free and clear properties or all cash it should be no problem.

I just got a call from someone with a 3 flat that is fully rented, hes getting $2,400 a month in rent but owns the property free and clear and wants cash to start a business.

Say you have a $400,000 ARV, free and clear, $50,000 rehab. 65% of ARV less repairs - sales costs Say you offer to JV with the seller, offer to do the repairs for a JV for a profit, beating any WE BUY HOUSES offer by $10K or more.

•The property has no mortgage, free and clear•Outstanding taxes paid by other tax lien investors total about 12K My thought was to be creative with the deal.

Most of them have had this made clear at the beginning of the term also, without going into detail.

Jeff -- Yes, as soon as it became clear that they manage property *for others*, then that changes the tone of things, sort of puts them on the other side of the fence in some respects.

However to keep things crystal clear, I always disclose my status as a licensed agent and contractor, better to be safe than sorry.

I didn't need to do that with Romney, he spoke very clearly as to what his opinion was.