He wants to pay off the price for the home and only receive the additional 10K he put into it.

Hopefully, you won’t have any flooding issues.BTW, builders risk which most of buy for flips doesn’t cover hurricanes or flooding anyway, unless you add it.

If they are a resent addition then you should have a good case in court.

I would deduct from the security, ask him to pay for additional damages AND throw everything out that he left after leaving the keys in the mailbox.

He bought the place several years ago for $500K and has an additional $150k HELOC on it that may or may not have a balance. 

My broker has provided additional training coming on board, as well as providing me with a mentor.

We are past all that now and are excited/delighted about our #3 addition to the family however it has put a pause on all the above since we feel we should hold onto the cash for security and any unexpected stuff that may come up.

Another option that I was considering was adding an additional bedroom to each unit (possibly a bathroom as well).

Account Closed Many apartment owners have cell towers on their properties which allows them to collect additional income.

I am looking to raise some funds for additional rehab costs or JV with another investor/builder to get this gem moving.