If you loan to those with an ongoing proven track record in the rehab business, and they represent that the home is a flip, non-owner occupied, etc., it would be extremely difficult for them to claim you took advantage of them as innocent homeowners – entity or not.

I stepped out on this forum knowing I would take a little heat but from you is completely disrespectful and you can hide behind this forum all you like.

Basic steps to improving overall cash flow fall into 2 categories: Either increase income or decrease expenses.

The REO Listing just fell out of escrow with the old buyer and we stepped in with an offer at 285k.

So if I have an outstanding loan with my employer plan, I could roll the 401k AND the loan into a solo 401k, thus side-stepping the immediate repayment requirement upon leaving my employer?

If you push through on your 21 day mark, I would ask you for a step escrow and short due diligence time.

My next step would be to have to pay them back afterwards.

I'll stick to the 'accountability' part since you can find the step-by-step parts elsewhere on BP.

My next step was to talk to an attorney acquaintance of mine and he suggested I send the seller a 'demand letter' stating that we had an enforceable contract and to follow through with the deal or a ' Lis Pendens' would be filed.

I am sure that there are many other investors on this site that will step up and do some free mentoring too.