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..

To formally accept investment money from someone else you should use a private placement and file with the SEC.You can also formalize money with a JV or LLC if you want to take on an investment partner.

There is no 3rd party as of now, I am an investor and have to look for credit partners if 20% is a must.If I finance only part of the project then do I have to pay the equity on full projects profit?

That would depend on what kind of note it is..................Commercial, residential etc.Options: Payoff, refi, sell, bring in an equity partner etc.

After that, we often less expensive, and less hassle, than having an equity partner.