We've had one tenant not pay rent since last April with court siding in favor of the tenant thus far in each appearance.

My friend has the land but is finding the lenders rates and terms are not that favorable. 

Yes, even before "real life" experience, the numbers seemed to not favor this idea I had for this type of partnership & living arrangement.

There are a ton of little things like that to tweak the game in your favor.

All I am doing is returning the favor to the next person. 

And, my guess is no LL will get a judge to give judgement in their favor .... 

Creative financing - get added to the current LLC that owns the property and just borrow the rehab funds and then refinance into a long term favorable loan, pay off the owner at the agreed upon price and remove them from the LLC.

I’m not sure the seller will budge anymore because of how favorable the terms are already.

To be clear: we didn't have any of them give us a CDC form, but we were ready with the strategies I outlined above to take them apart in court.It's risky and the Federal Govt isn't doing us any favors.

I have taken the steps to be pre-approved for a deal that did not end up working in my favor.