I am a physician in NYC, a friend asked me to help a single mother with two teenage children who ended up on the streets after being evicted in Houston.

The amount of new apartments buildings I have seen go up within the last 2 years and the transformation that my own neighborhood has gone through in the last 3 years has been a rapid change in my opinion.

< this is where most people get hung up. title is like the pink slip to the house. if you're not on title, you don't own anything. best of luck!

The extra 10% would be split up as 6% max as seller concessions towards closing costs, then the remaining 4% would come off the principal loan amount. 

I do all tenant relations and use Adobe sign for all documents. 80% of my tenants pay electronically and no one has been late.

Originally posted by @Kyle Collette:@James Wise definitely true.. tough situation for sure How much money do you have tied up into this situation?

Is it the high upfront costs, finding a reliable lender, or something else entirely?

Generally it would be "capitalized", i.e. set up for slow depreciation which does not benefit you in a 1031 scenario.

If she doesn't, you are on your way to kicking her out.I suggest you tighten up your process in the future.

In either instance, I would certainly have an attorney make sure everything is buttoned up and legal to protect you both.