That will almost always hurt the relationship and certainly ruin your performance history.

@Marc Jackson what would you call the average performance (gross income and net income) from a PCB Townhome within say 5 blocks of the water?

The smart combination of buying at a discount, adding value, and then using leverage once the asset is performing to pull equity and launch the next project is just a very good formula when executed well.Be sure to start by reaching out to non-recourse lenders to learn about their programs. 

For more details: https://www.biggerpockets.com/forums/850/topics/750769-first-house-hack-with-a-brand-new-home?

For more details: https://www.biggerpockets.com/forums/850/topics/750769-first-house-hack-with-a-brand-new-home?

They have rules and can pull out adding more risk to you of not performing.

Currently managing a building in Ukrainian Village and need to have something called a critical test exam performed on a 3 story steel porch.

Purchase price: $729,000 Cash invested: $250,000 Sale price: $1,550,000 We performed the following renovations prior to selling the house:-Converted an open dining room into a 4th bedroom creating 2 closets and french doors-Renovated the kitchen and master bathroom including moving water lines and venting-Installed a beam creating an open archway-Covered the fireplace and installed custom cabinets in the living room-Built a patio with pavers and a pergola-Removed concrete patio and installed sod-Installed can lighting -Carpentry -Paint

Purchase price: $505,000 Cash invested: $125,000 Sale price: $550,000 Performed the following renovations:-Roof replacement-Converted doorway into an open archway-Kitchen replacement including flooring and moving and running water lines-Converted window into a patio door with patio steps-Lighting & electrical panel and fixtures-Painting exterior / interior-New Gutters-Carpentry-Landscaping

This is a brand new property with builder warranty, hence my low repair costs.