Thank you @Jay Shapiro and @Dave Foster for the very detailed reply!  

View report*This link comes directly from our calculators, based on information input by the member who posted.Im trying to see if my numbers are correct , seeking some help from members would be great!

Am I seeing correctly that you are going to be in the deal almost $10k over the ARV?

Eviction may be the correct step, but (and this may seem to go against #1) you need to find her a place she can afford. 

Many real estate investors swear by them, other people say they should never be used.The reality is that wraps are a little complicated if you have never done one and hold some small risk of a bank calling the note but CAN be a useful tool when used correctly with two (or three) willing partiesRegarding the terms of most residential mortgage terms, specifically the "due-on-sales clause", they generally say that the lender "has the right to call the note" but not the obligation.   

Hey Sergey thanks for the reply!

@Dyahanne Ware The lenders you spoke to are correct.

However in my opinion for learning and keeping your investment little to no money down it's a worthy consideration.Wholesaling done correctly and legally could accomplish exactly what you are looking for.

Even with flips they have failed the septic for non-issues which were eventually corrected on their end but caused further delays.A solution to that could be keeping the power in my LLCs name but enforcing through the lease that failure to pay for electricity will result in a 5-day notice and therefore being ground rules for an eviction.

. - Correct those 5 agreed to take the standard amount a 1st backed by Fannie/Freddie allowed as a payoff to a jr.