Lets say its $270k and you are financing $220k and it takes a year at 12% thats $26k in interest plus other costs etc.

It has been a very bad and costly experience. 

Account for the cost. 

By creating the Texas Stock Exchange, Lee hopes to address the high costs of going and staying public.TXSE closed its initial capital raise at $161 million, which the company claims makes it "the most well-capitalized exchange" to file a registration.

You get the best of both worlds in that way: No seasoning to pull cash out AND the conventional rate/costs and no pre-payment penalty which are all better then DSCR loans.  

If I sell the property for 130K, after assciated closing costs, I will basically break even.

What's the location, purchase price, expected Reno cost, ARV, etc.?  

Do you understand the added complexity, work involved, and costs? 

Does Hard Money typically cost 30-40% of the purchase price?? 

We're looking to gather info about likely cost, pitfalls, time required, considerations when obtaining financing, etc.