By “underfunded,” I mean that one discovers that there are not enough funds to complete the rehab project to the desired, or required, specifications.

This property is located in a very desirable area of Conejo Valley, with an award-winning school district.

High income individual with no time or desire to spend time on rental properties.

Max offer =  Desired Total Profit + Rehab + Buy/Sell Costs + Hold Costswhere desired total profit considers any wholesale profit and rehabber's profit AND risk (time, rehab, location, etc.)2.  

It just allows either partner to give reasonable notice they desire to leave the partnership then the assets can be divided or sold, liabilities paid/divided.

What I saw were properties that I had described earlier: multiplexes (4 or lower) in less than desirable neighborhoods or 40+ unit apartment complexes that I'll never afford. 

By that, I mean folks that probably buy empty lots in good areas and build houses for sale or those that buy older houses in desirable neighborhoods-- tear the them and build new houses for sale.

If the land is back in the woods or off the beaten path some where other types of development would not find it as desirable then the cell tower might be the answer.If you have a great piece of land in high demand then pushing the tower off to the back on a corner with a small access road might let you keep your other land to extract value out of.Would really have to know the address, how large the land is, topography of your land, etc.     

Formerly a contractor, this real estate investor desired to enter the “flipping” space and had identified a great candidate for his first “flip.”

If the property is in a high desire area, maybe the seller can sell the mouse house.