I don't know about your state, but in mine, there are a bunch of notices that need to be sent to the (consumer loan) borrower before a NOD can be recorded, a loan servicing company does this routinely ... these notices may be enough to wake him up.

They were preparing to rent it out if things didn't work out with me.

All,I am currently managing my 2 SFRs with my real estate agent as I work out of the country and cannot do it hands on.I am planning to buy either 2 duplexes or a 4-plex by the end of the year and will need professional property management to handle the work load.My properties are between White County and Hall County GA.

Can someone explain for simplicity sake the arv is 100k and purchase price is 20k, and 15k in repairs how this deal would work out.3- With those same numbers how would the numbers pan out using private lenders?

besides Rental Income per Month, you work out the Cap rate.The very basic calculation that you need to see is the Net Operating Income and the Cap Rate. usually they say cap rate of 10% or above would be a good deal. a rule of thumb the gross rental Income - the overall expenditure( all your taxes, repairs & maintenance & staff salary etc) will give you the NOI.

You can lend unsecured into his operating account for a return not related to the profit in the deal (not recommended)You can provide the down payment money in exchange for a chunk of the profit You can provide all the money for an even bigger chunk of the profitIn the two cases above, you may be a partner in the single-purpose entityYou can work out a combination of a loan and a profit splitI'm sure there are other more creative combinations But first it matters the deal size in the geography where you are investing, and then the appetite the investor has for capital.Right now, there is a lot of money chasing few deals in my area, so you may have to have more money to interest a flipper if he has people lining up to give him funding.

I think the numbers don't work out even when the project is feasible (as you alluded to, it's not always possible to install).

Make sure to follow up on what David suggests to work out a better situation for yourself....besides, David's numbers look more in line with what is usually available.As you probably already know, it's going to be tough burning the candle at both ends.

You might just ask her or her family about their plans and work out a deal.

I'm doing wholesaling work out of Camarillo, but I also hold a full-time job in (the oil fields of) Ventura.You've stumbled on a fantastic resource here at BP.