Keep asking why until you get to the root reason.

I received a general e-mail this morning from FCI alerting note holders of a Final Rule from the CFPB that affects private investor owned notes with borrowers that have been affected by COVID.The CFPB Final Rule amends RESPA and requires note servicers to comply with "procedural safeguards" prior to initiating foreclosure between August 31 and December 31, 2021.Exceptions are loans that were 120+ days late before March 1, 2020, loans where statute of limitations expires prior to January 1, 2022, or if borrower abandoned property.Bottom line: it looks like there will be more red tape navigating "procedural safeguards" if you want to foreclose on a loan that became delinquent during COVID.For more info, try googling "CFPB Final Rule Part 1024 - Real Estate settlement Procedures Act (Regulation X)."

You offered that number, but he had to go talk to his "partners" IE spam his property for a much higher price and see who bites before finalizing with you.HUGE RED FLAG.

Go Red Sox!!

HVAC - Phil Brainard, Phil's Comfort ZoneElectrician - Roy Kavalec, Kavalec ElectricRetaining Walls, concrete - Dave Jensen, Jensen Retaining WallsPlumbing - Jason McIntosh, McIntosh PlumbingConcrete: Big Red ConcreteFlooring, Tile, General Remodeling: Matt Seminara, Seminara Construction

At the same time, your entire  description of your situation sounds very unusual and full of potential red flags.No reputable crowdfunding platform would require you bring a check to the closing.  

Instead there is a word doc used in editable format where the attorneys (red line) changes back on forth until a final version and clean copy is ready to execute.

I'd strongly recommend taking a look at not only at redoing the HVAC, but also improving the insulation (including new windows/doors).If I were a tenant, it would be a large red flag if my utility bills were so high, and I knew I could go elsewhere and pay significantly less.So, take a look at all of this, run your numbers, and see if this property is still worth pursuing.

we invested in Redding, CA 

I know there are many BPers who don't like to invest in this area, but I am happy with the performance despite the borough red tape.I found 4 row homes (same block, same layout) in the same town (a few blocks north of the 'war zone'), they were purchased super cheap by the current owner and renovated around 3 yrs ago, 3 of the 4 currently have tenants @1200/mo.