. :-)I originally requested $20-25,000 in funding preferably cash.

Akron is not an appreciation play.

It isn't a game that can be well played without spending a lot of time and or money. 

Purchase price: $110,000 Cash invested: $88,000 Woohoo my project is finally finished and is listed for sale!

Not to mention the ARV would get a little bump if you were interested in cash out refi on the property along with a rent raise. 

You can most definitely do this.Take $x of your money, and invest it into a Qualified Opportunity Fund - lots of them out there looking for cash. 

I thought cash flow had to make sense to get into a deal?

If they didn't, the seller could foreclose.So, you could either:1) Buyout the middleman with cash and assume existing LC2) Write a new LC with the middleman and leave the existing LC in place, but include language that requires proof of payment to the underlying LC.

@Aaron Davis My personal experience is that non section 8 tenants don't play well with section 8 tenants.Frank

If they had bought using HML this wouldn't be an option and the seller would have needed to shortsale or bring cash to close.