Hi Casey,As the gentlemen's above mentioned, 20% out of $700K is indeed $140K, so the answers is yes.As a hard money lender, my 2 cents for you is that if you don't understand the loan structure in 100%, not 99% but 100%, don't go into it.BTW - As hard money lenders usually we charge less than 20%, but seems like this is a factor of maybe less experience you have.Anyhow good luck!

Good luck!

However, if you want to be generous and build a good relationship with the new owner, giving them for free could be a nice gesture.

We’ve been good tenants paying on time for the entirety of our stay here.The property owners are brother & sister (and I believe a third sibling), but they’re never really on top of things, and no property management.

I am sure there  are deals less but when you consider the mid west at 75 to 125 a foot  thats a big spread.. and basically for the same quality houses.

Good luck! 

Absent it being mandatory I would just go through with the eviction there are far too many good tenants out there looking for quality housing to waste time on one who burnt me.  

Still have some regrets on that one, but probably good advice from him.   

Good Investing...

What percentage is a good C on C return?