If the premium is worth the convenience for, go for it.

I have been on New Western's deal list as well as another bigger local company and everytime I underwrite these deals there is very very minimal left on the bone let alone contingency funds for going over budget on the flip...

The lender made the most money on this deal as they had a $30,000 fee clause in the agreement for going over our timeframe on the rehab.

Quote from @Christine Song: Has anyone invested in AAA Storage growth fund or PassiveStorage.com?

The agreement of forbearance or modification should have the borrowers knowledge that they are in default, that they understand that the lender is forgoing foreclosure at this time in exchange for the deed in lieu, and that the borrower is represented by legal counsel.  

We will either bring on another investor each year to make the yearly payment or we will just forgo the income payments to the partners and make the yearly house payments out of the cash flow if we just want to keep the property with only 7 investors. 

Directed marketing to pre-foreclosures, a website with seo, networking, driving for $$, go to some local meetings.

Since this is a deal with a family relative, we decided to forgo the inspection period as I’m already familiar with the properties.

1) As an agent put 3 more under contract this month for going into 20252) Cut internet and car insurance bill down3) Start prepping for tax time, organize expenses yay lol

You may be able to get a levy against their bank account or file a wage garnishment without the need for going to collections.