It may depend on the lender you're refinancing with, but my lender required an attorney to be involved during the refinance process.

It is always a possibility that the tenant does not vacate and you end up having to involve the courts, and in the meantime the tenant that signed and paid could sue you for performance and you'd have to sue the existing tenant to recover those funds. 

How it was handled is messy, poor docs, potential fraud from owner forging end buyer signature without consent, no paydown financial logs(amortiz table) on the REC since there was no escrow company involved so the payments were going in direct to seller account who was not paying property taxes and the tenant is getting burned on this deal.(2)The contract almost non existent or sketchy at best.

I have decided to focus on long term buy and hold so most of my renovations involve full gut.

I'd wager you're better off forcing yourself to be involved in the scheduling and the process.

Hello All,I am in Jersey City NJ.Wondering if there are an REIA's in my area that I could get involved in.Any info would be appreciated.Thanks.

Not giving good advice, not involved enough in the process of getting the property fixed and rented.2.

We've been heavily involved in the manufactured home ADU biz for almost 4 decades as both a purveyor and investor.

Well said, it isn’t easy, but proof that so much of the deal can be made when you buy and that there’s always a way forward, just might involve getting creative.

And, of course, there wouldn't be the knowledge or investment without the worker in the first place, so people are always wanting to assign value to these less calculable items (like you, the investor, wants to assign value to the less calculable risks involved).At some point w complicating factors, and without degrees in actuarial science, most of us throw up our hands and decide it's easier to just split 50-50, 60-40, or whatever, assuming both parties are educated and comfortable with the risks and values over the life of the investment.