I wouldn't recommend hard money for a first time flipper (just personal opinion) even though the speed and ease of the transaction may be appealing, too many things can go wrong on your first 1-3 flips that you really haven't encountered yet that could slow your liquidity event and cause defaults or costly extensions.

You don't need to add the risk of extensive repairs, vandalism, and professional tenants.  

., a 900 sqft. 2/1).Fortunately, UT has a very extensive shuttle network serving many areas of Austin where housing is more affordable.

After a few extensions, we needed to find a new lender.

In the move out statement, we charged for all the cleaning and damages however recently discovered additional damages that we didn't charge for in original moveout statement.Was wondering if I could go back and charge the tenant for the additional damages that we discovered after the move out statement was sent or even pursue the damages in court as the damages are quite extensive!

What if:I purchased the home from them and we closed as soon as possible, and then I would lease-back the home to them for the next 3-4 months, depending on how much time they think they'd need for their new home to be completed.Seller Benefits:Reduce anxiety of possibly having two mortgage paymentsEliminate the need for moving twice - once after the close of this sale, and then into their new homeReduce anxiety of trying to find big enough space that is also pet friendlyEnjoy one last Thanksgiving and Christmas in their own home (not a rental)Buyer (my benefit):Get a quality investment home for 18% under market valueHave my first few months mortgage payments made for me through the lease-backAfter a bit of back and forth, we were able to come up with an agreement at a price 15% below market value, with a lease back option for 2 months, with a one time option for a 30 day extension.

. $50 per sf to remodel (extensive work) at 2700 sf = $135k.   

Currently work a door to door marketing job and have compiled and extensive list of distressed or seemingly abandoned properties in my last 6 months (70+ addresses) wondering what my next steps should be.

I'm going with a 12 month builder's risk and general liability (non-binding because I'm on my like 5th extension (pending) and still don't have an actual close date).

Acknowledge that he may have been trying to prevent his belongings from burning up with the house but he did save you from more extensive damage by putting out the fire and for that you would like to cover his copay for the medical attention and the cost of bandages...and then when you mail him a check, add a gift card for a meal out or whatever.