It also allows you to walk away if there's collateral damage but I would say put skin in the game for more leverage by building a 800 FICO with the willingness to cosign along with $0 personal debt instead.

@Nicole Frawley You need to grow thicker skin.

It'll allow moisture in and the counter top will buckle and deteriorate.Upstairs bath has the cheap surround.

They have more skin in the game then you do.Make sure you get clear title.

However, the loan amount that I will be taking out will be based off of the property price and rehab costs(90% of each will be a loan and 10% will be my skin in the game).

Seller owns property free and clear and you guys sign a purchase agreement for 100KYou put down 10% which is 10K to the seller(skin in the game)Your hard money lender put in 90K, which is the rest of the money due to seller, to get to that 100K owed.Then Escrow closes and your seller has the 100K owed to him and then you pay the lender who put in 90K monthly interest only payments till you resell/refinance the property paying off the 90K owed to him.

Any needed repair that is causing damage to the premises such as plumbing leaks, roof leaks, and any sort of moisture must be reported to the Lessor immediately.

I have had tenants unplug the fridge and leave the doors shut, which basically causes the fridge to smell horrible as the moisture allows mold to grow.I would turn off the water inside the property, but tell the landlord you are doing this.

There is no dust, no moisture (so no mold), and no noise because it does not need a fan to move the heat.

Mold remediation can easily run $15,000 to $30,000 and since it’s a condo you don’t know where the source of the excess moisture is coming from.