@John Teachout I work with an investment group, so if they do not sell as pre Reno we continue to proceed with fixing and flipping

I don’t know all the info yet until I talk to him later today but what do I need to know to proceed with this.

@Ann North If you sell and the proceeds are not enough to satisfy all obligations you will need x amount of money.

Now that the weather is warmer, I plan on living in a rundown trailer in front of my house as I can’t keep paying for both houses on one income.Does anyone have any recommendations as to how I can proceed with repairs and keep my house?

Like most hedge or equity funds management gets paid a small 2-3% of the funds proceeds under "Use of Funds" and will get compensated based on the profits of the loans as they're paid back via the servicing company.I will be filing Form D at the end of June and sending out the PPM July 1.

When I mentioned that the listing stated no EMD was required, it said it was incorrect and EMD is required to proceed.

@Kelly DeWinterI wasnt trying to bash the way military does thing.

Any ideas on how to proceed.

If the tenants are not paid up by the 8th, I begin eviction proceedings - with all associated costs billed back to the tenant.If you would rather "ride the bull" and leave things as they are, I would make sure you stockpile your cash reserves now while the sun is shining so you can pay your debt service, etc. when/if things go south with them, as you will have zero income on a SFR with a non-paying tenant, but still all of the expenses.

You can apply lessons learned from that experience to build out an REI business as you acquire more properties using the money generated from the tax practice while the salary from your wife covers general living expenses.Personally, I'm working my W-2 job and building an engineering consultancy as another income stream in which the proceeds can fund my REI.