This is our third lender we’ve used that has given us a go.

My exit would be to simply evict the tenant (a third party I haven't really mentioned yet) clean and sell at market value.

You don't have to pay some third party company to do it for you.

Third, if they have that much equity and the house needs that little work (I dont think there is much in a 3700sqft house that can be redone for 13k) then what is their motivation to sell to you at a discount?

Second, a payment plan so he pays 20% on time , and the rest over two months .And third, we offered to break the lease without penalty and apply the last months rent for the month of April and just let him go without any penalty.Since then he has ghosted us until two days ago letting us know that he still doesn’t have money.

I'm a buy and hold BRRRR rental investor, learning the art of self-management for our properties, and also working on our third live-in flip.

I'm a buy and hold BRRRR rental investor, learning the art of self-management for our properties, and also working on our third live-in flip.

Third, pull together your team of pros to help you make it happen!

Did you base your ARV off turning the den into a third bedroom or is that the ARV for 2 bedrooms?

By the third year our increases are market increases as tenants are typically at least $100 below market rent by then.