Reach back to your friend with an alternate purchase plan and you need to come up with various option . eg:- All cash 50/60 k ,since you already planning to putdown 45k find the rest of the money via Private lender or from family & friends and close the deal .If your friend is firm on the price perform 1)principal only payment 2.)Interest [Rate under 4.5%]only payment with Balloon at end of 7th year  .Good luck

I am not sure if a tenant will hand over their financial information to a new landlord; really no good could ever come to the tenant who provided this; unless they were honestly unable to pay rent and begging to break a lease or renegotiate.When we are acquiring a new property we perform a lease audit on the tenants that you are inheriting.

In fact, in 21 years, I've never personally paid for a LBP analysis, nor have I ever had a LBP analysis performed by a buyer on any of my properties.

Along these same lines, an app like Venmo may work with a prepaid card (registered to a network brand like American Express, Discover, etc), but the issue with the daily/monthly send limit would be an issue I think. 

I'm a pretty dedicated Craigslist checker, which mainly consists of sifting through the same ad for a BRAND NEW (mobile) HOME for $89,900.

I will list it for sale in MLS once the move out inspections have been performed by the PM and make ready(if any) is completed.

I already filed the memorandum with the court house the first time he flaked, and now my lawyer sent a letter threatening to sue for specific performance.

I listed it on VRBO and AirBnB while I was away on deployment, and after I saw how well it performed I decided to keep it as a vacation rental.

I am brand new to real estate minus buying my first home 20 years ago in NJ, foreclosing on said home and buying land in WV on which I've built my own off grid home from the ground up. 

I'm brand new to real estate investing and am working on putting a plan together to get started.