Fix and flip: what are renovated properties selling for, slightly out dated, etc. 

Originally everything was running smooth, the single family row home was in good shape and had long term renters I was looking to take over.The property had minor problems but what made the deal so intriguing was the tenants had been doing all the work on the property themselves and for a first time home owner/ investor it was an ideal situation.Fast forward to now: Covid 19 has interrupted our every day life as well as the closing, my closing date was pushed back from april 13th to approximately may 22nd and now the tenants have advised the owner they will be vacating the property as of may 2nd.

California was early to shut down and after a month in quarantine with no definite re-open date, and my current business down 30%, I’m reconsidering my original all cash offer.

Do you have a closing date?

I have a mobile home owner very motivated to sell, asking 50k comps are at 110k no major cosmetic repairs needed.

The bank refuses to support the firing of the GC and the GC and his lawyer keep dragging their feet on demands and have not provided a date yet on when they will be back at work. 

(All this is best to do through PM)When tenant communicates hardship or missed rent date, show some due empathy and reassure them that we are in this together.

You'll be waiting a long time to evict because everything will be backed up after this COVID-19 brouhaha so, I'd put on my friendliest, most compassionately sounding self; even if you have to fake it, and offer them cash to be out on such-in-such date w a clean property.

Free Hotel Rooms, free mobile homes, and free food.But I doubt it will get that bad.

My husband and I went under contract the end of January for close date of March 31st to be our primary residence.