Losing money on the deal is a reality but we would like to minimize the loss if that is our actual scenario.

The partner is in the deal for the same reasons I am- to minimize risk on the first investment property as we learn.

But I’d take my outstanding debt on the property from $258k to $420k.... this kind of scares me, but I know if I can keep this rented my risk is minimized while I lay down the debt.

I don't think I will have an actual loss besides opportunity since the agent/agency is covering that.Two of my lessons learned are: (1) Ensure all sellers sign the contract!

not sure what the backstory for failing to publish is but unless the excuse is out of this world I can almost assure you there more to the long delay...I've managed thousands of thousands of notes on a micro level, I mean due diligence of acquisitions to foreclosure, loss mitigation , auction sales and everything in between. 

It would take five years of loss to match the amount required to renovate the unit.

Sean,See if you can find out who the Roofer had for Liability Insurance at the time of loss.

Created a nice short term note with minimal invested.

I'd suspect that Cozy's primary drivers of revenue are - minimal interest made during that hold time, people paying for faster transfers, the tenant insurance they offer, and the tenant screening services they offer.And then there is that eventually switch-flip that surely is going to happen when they hit a critical mass. 

Minimally there are hard money lenders that will refi inside of 6 months.