Still looking for motivated sellers but the exit strategy can be an assignment or hold for the Lease Option period. 

It was a high energy event that certainly left you motivated and impressed.

Either way -- I suggest you read the individual leases (not just one as they may be substantially different) to see how you can be in a position to get rid of the chronically past due if needed as well as frame for a future need of getting rid of the gentleman who is "getting back on his feet" in the event that he stumbles again.Good luck!

DEFINITELY not like the TV shows (which are not reality) but if you advertise the auction, you could recoop losses by bringing buyers that know how to resell the products inside (if/when applicable to what's stored).

I've found that 80%-100%+ leverage is common amongst individual real estate investors, but is generally considered very imprudent by institutional standards.The ultimate decision on whether or not you're overleveraged and what to do about it is your own, of course.

The same type of houses are selling for 190-210K ARV the sellers starting offer is 75k and is motivated, and is willing to negotiate on price, also the repairs would be heavy.

Due to all the tariffs and government sanctions it may be more cost effective for these foreign investors to use their properties for production and assembly. 

I'm excited to surround myself with like-minded individuals to bounce ideas off of and learn more every day. 

The more motivated the seller is tends to take a lower price. 

My first flip in Chicago was financed using a 203(k), which is a drastically different product, so this HML thing is definitely new to me.