Problem is, you have no legal right to enter the property until until after the full amount of the bid is paid, and this risk of 'potential unknowns' makes getting even hard money virtually impossible, no matter how good the deal is.I always allow for an absolute maximum cost total rehab in my figures on any property I bid on (and always check the property externally), and there's still plenty of 'meat on the bone'.

(i.e. who determines what needs to be fixed vs. something that we want to fix, does that matter etc...)Thanks!

Obviously it is awful the tenant had a heart attack but the fact of the matter is she is already 2 months late.If anything, the heart attack is more of a reason to evict her. 

Personally, I’m not surprised because many families simply bought more house than they were ever going to be able to pay for, no matter how highly they were rated by mortgage calculators when they originally applied for a mortgage.

Does the structure of the PPM matter (3-20 investors)?

It doesn't matter how you re-apply your capital, if you flip a property and make a profit, that profit will be reported and is taxable. 2) I know 1031 Exc is not for flip properties.

Yes it came out of my pocket but It would still have had to come out of my pocket in some way as the money would not just magically appear no matter how hard I wished for it.

No matter what do not give up.

@Scott Johnson  real estate is  real estate... no matter if its land or inproved1. you can go to any office depot and look at the legal documents there. 

Lots of beautiful homes have ugly pasts...If you make it great doesn't matter about the past...If I found a local property like this, I would jump all over it.