The student gets a check and calls it quits.

In this case I just had to share what I have been through because I don't want Landlords to put their valuable properties in bad hands.I feel bad for current and future tenants and landlords who are signing up with OneRent.

Haven't found much resources on how to structure the deal whether to buy out partner's shares at existing basis (I believe this wouldn't be advantageous as I wouldn't get to mark the asset to market and lose out on depreciation) or open new LLC or S-Corp and buy out both partners (I would end up taking gain tax due to sale but would get new dep. basis).

@McKinly SpringerThis did not bond as they didn’t prep the floor properly nor was this done properlyIt does not appear they even used a self leveling material like ardexTo me this appears all of it needs to be ripped out and redone properly

Has anyone had recent experience in this or recently seen the numbers on which is more cost effective?

This is a very old strategy and can also be done for surpluses on mortgage foreclosures. out here on the left coast mortgage foreclosure/ Trustee sale/ overages are sent to the old owner or next in line .. if they come back undeliverable  ( exceedingly rare in this area) then the funds are interpleaded.

How do I acquire this property?

The storm didn’t hit them too hard—dodged a bullet this time!

It was a great first project, I had some old friends reach out that were losing their house and I helped them get out from under the PML, bought the house and helped them repair their credit, got a contractor I knew that lived around the corner help me do a full gut rehab and put in about 1,500 hrs of my own labor into it.

Can someone help me analyze this deal: https://doorvest.com/homes/120... through the doorvest platform?