And yup, I learned it firsthand from Jimmy NapierGoing back about 40+ years, I didn’t have a lot of capital.

Whether it says Passive LP, creative financing, fix and flipping, notes, Short Term Rentals, seller financing  etc - I am at the bottom - I can scream no but I far too often hear stories of people quitting their job to pursue real estate and then end up very unsuccessful. 

You may need to show that you have completed at least 1 fix and flip or hold to get the full cash out, otherwise it may just be a hold back for the renovations and a rate and term refinance for your 1st mortgage 

So I want to make it 30 days for him (end of June) instead of the extended month-to-month I previously offered. 

Closing with our backend buyer for $425,000 on March 31st, 2024 we witness the culmination of our efforts, a testament to the power of vision and perseverance in the world of real estate.

The only thing holding me back from trying to keep them is the fact that I want to use the money from this project to fund a different multifamily project here in the Seattle area.

Pay penalties and interest if state comes back. 

I know she will pay it back because I've loaned her money plenty of times before which was always paid back.

So, if your contract is based on a calendar month, you giving notice in mid-June would then legally be effective at the end of July.Do you have tenant contact info?

Consider all of this a very painful lesson in how not to invest in RE, and you may come out better on the other end!