Instead of attempting to keep a borrower on the constant edge of failure and earning less, it's actually more profitable in the long run to advance your borrower more like a partner than a servant.Many borrowers also assume they can't get conventional financing, while I know some HMLs point them in the right direction, I'm sure there are just as many who would allow that borrower to continue thinking that the HML is his only hope.With that, if HMLs were to address a better standard of ethical and moral conduct thier public standing would certainly improve, being known as a specialty lender than a "hard money" loan shark.

If you have access to a private lender or money partner this can happen.

I am currently not interested in negative cash-flow hoping for equity gain.(3) Learn about the best ways to invest with a partner (i.e., LLCs, Partnership agreement, whatever).

If you or others do use the site, going through our partner link will help support BiggerPockets -- it is just one of the ways that we support the site.

Might be best upon repair estimates to sell at a loss to a local investor and just take the tax write off.Maybe you could partner with Brian or someone else to try to turn it around.Good Luck

I'd partner on it with you if you wish.

Greg Pillion,I own a few SF Rental Homes, and the tenants know me, as the managing partner of the LLC.I've never met my tenants.The Monthly Rental Money goes into an account at the Bank, that does NOT have my name on it.

You can bring in an equity partner, sell, refi, or payoff the remaining balance when the note comes due.

Oleg Mamnev I probably wouldn't recommend partnering on a deal where you are going to live in it, which is the only thing you can do with a 3.5% FHA loan.

Thanks Brandon.I read both posts and some related ones too.It is really, really comforting and encouraging to know I am not the only one feeling overwhelmed and helpless.Most of the time I just wish I could find a partner who share the same goal or I could have mentor give me some guidance.Thanks Will.That's my worries...I'm not sure if it's legal in BC and the ways to find buyers and sellers are quite different..