Avoid things like I don't want to be fat, instead use something like “I want to be healthy. c)The more clarity the better. d)If you knew you could not fail, what direction would you want to take your life in. e)What do you you truly love doing, make sure that your goals are in alignment with the things that you truly love. f)Make a list of goals for each area of your life including financial, family, friends, fitness, career. g)What are 2 things you would like to accomplish in each of those areas?

Then refi into a permanent loan.

:D I too want the sweatshirt but is it possible to get a Double XX Fat.

Federal Spending must be reduced CONSIDERABLY, and taxes must also be reduced PERMANENTLY, e.g. the Death Tax, Corporate Tax, Capital Gains tax, and a STRONG reduction in income tax across the board, but focusing a larger cut on the 25-33% tax bracket.

For instance, if I buy the 9 unit for $215k using commercial loan for 75% of price and short-term private loan for other 25%, and I want to refi my downstroke to a permanent loan after I get the rents up to par in 12-18mos, assuming bank will only do 75% LTV on a refi I'm going to need the place to appraise for $300k in order to get my cash out or rate and term my downstroke and other costs.

So, I thought it might be a good idea, rather than getting "fat and happy" to mitigate my risk and hunt for additional opportunities.

Chris unless there is land you can sell with this property or a way to change it's use I don't like this deal at all.Also the hard money lender saying they will mentor you etc. sounds great but you have to watch out for people that will separate you from all the cash you have.I think you would be better sticking with apartment buildings and line up permanent financing while rates are low.

One of my main concerns would be once the building inspector starts poking his fat snout around that I would have to get the wiring, this, that, or the other "up to code".

I don't know if it's a permanent drop or temporary, so grab it while you can.http://itunes.apple.com/app/trip-miles-mileage-log-for/id477087593?

In my market, they asses a 25-35k at a value of 70-75k, in an effort to drive up the tax base to pay their nice fat pensions.