Hi Ashlee, I'm just wondering if this is one of those scenarios when it's time to offer a tenant "Cash for Keys".

I know a lot of very successful investors who rent by the room house hacking and continue to rent by room after they move out to increase their monthly cash flow.

How YOU will be protected in the event that the project goes south and you need to be reimbursed.Is this a cash or financed transaction? 

Julio - Have you priced out a DSCR cash out versus a Heloc yet?

Hey @Michael Walley - I'd start off by saying, you are generally in a pretty good position if you haven't already paid him.FOR SURE YOU NEED TO GET LIEN WAVIERS if you have any indication that things could go sideways - don't make a payment til you get them.I would also ask for some type of breakdown of the scope of work you are paying for as you mentioned.Here in Chicago / Illinois a general contractor has 4 months to file a mechanics lien from the last time they were working on the job.I wouldn't rush to get an attorney.

Your property management payments will be higher for C to D areas at those price points. 

Purchase price: $218,000 Cash invested: $2,500 Sale price: $285,000 Partner Driven, with Jamie Munden, completed a fix-and-flip on Larsen Lane in Shawnee, KS.

@Jose Julio, I joined only 2 weeks ago but already the "Tribe" has made it completely worth it to me, I have been teamed up with mentor(s) who ARE on my cash buyers list and help me add to it, they also put me onto the right title companies to use and contracts.

BP podcasts are always talking about charging utilities back to the tenants as a quick cash flow fix. 

We've never used hard money or personal loans before, but do have 2 cash-flowing rentals and a primary.