If it is not completed by a certain date or certain cost etc. then you can take over the project.

Second, it will take a lawyer that specializes in Real Estate law, which we have a few good ones in Nicholasville. 

Investors also have to take responsibility.

Sorry for the sarcasm.If you take the $180k purchase price (unstated but I assume same as your as-is value) plus the $70.5k rehab estimate, the result is 85% of the $277.3k ARV.

Once the closing takes place, the seller has zero incentive to cooperate with supplying them.

He is wondering if he should take the 300k as a price reduction (leading to boot from 1031 as he does not want to go higher than 25% down payment) or if he can avoid boot by keeping the price the same and take the 300k in a capex escrow account with the title company to be used for repairs over the next year (title company and bank are ok with this).

They're making it sound like if you take the payout, you will not be able to take future losses, even if they don't pay out the full amount.   

I understand that you are attracted to the Denver and Boulder area and I would be curious to know if you have planned for the additional costs of living in these areas including the large(r) mortgage payment you may be taking on when financing 95% of the purchase price?

Adrienne Hi Adrienne, I would recommend taking a look at Columbus Ohio!

It will take some time though, just like any business.