The company we invested in filed for bankruptcy, liquidated their assets and no money was left to return to 90% of the investors. 

If they can't sell it on the MLS, and the contract with the agent expires as a result, you can go directly to the seller. 

Even with closing costs, you're staying more liquid.

You can draft up a month to month lease that can expire when the sale closes.

The location had a restaurant before but the lease expired and the new tenant is essentially starting a new lease with me. 

Then I've interviewed all the GCs to make sure they were competent, organized, liquid enough to pay their crews until the draws were authorized, and not surprisingly, I needed to make sure they werent going to "man-splain" me because I'm a woman and a new investor.

Hard money: “The Pros and Cons”Pro-All CASH Transaction-Quick Closing Times (<14days)-All “Rehab Cost” are covered in Loan-Lower Leverage for Buyer and more Liquidity-Flexibility to buy Distressed and Value-Add Properties-Loan based on Property and underwritten so Borrower is Profitable-Does not show up on Credit Report-No "DTI" (Debit to Income Ratio)CON-Higher interest rate than Bank-Shorter Repayment Schedule (<12 months)-More conservative evaluation of the Property’s Value-Not doing your research and working with a “Bait and Switch” Lender (check out our post on this)Real Estate is one of the most dependable and powerful ways to grow your wealth.

Hard money: “The Pros and Cons”Pro-All CASH Transaction-Quick Closing Times (<14days)-All “Rehab Cost” are covered in Loan-Lower Leverage for Buyer and more Liquidity-Flexibility to buy Distressed and Value-Add Properties-Loan based on Property and underwritten so Borrower is Profitable-Does not show up on Credit Report-No “DTI” (Debit to Income Ratio)CON-Higher interest rate than Bank-Shorter Repayment Schedule (<12 months)-More conservative evaluation of the Property’s Value-Not doing your research and working with a “Bait and Switch” Lender (check out our post on this)Real Estate is one of the most dependable and powerful ways to grow your wealth.

After the damand for rent and eviction noticed expired, an affidavid for damages was issued.

Report the property as multiple schedule E entries in TurboTax, unit 1 where you lived part of the year and then unit 2 or 2/3/4 for the 100% rented part.