Quote from @Nick Bednarczyk: 5 Important Lessons for New House Flippers1: Thoroughly research financing options 💵Using a hard money loan can be a smart way to fund your flip, especially if you don’t have a lot of cash on hand.

See attached Excel summary sheet.Investment Highlight89% Physically OccupiedSupply Index in a 3-mile radius of 6.8 SF/Capita, 5-mile radius of 7.7 SF/Capita, and 10-mile radius of 8.3 SF/CapitaAdditional Income generated from 4 mobile home lots and 1 mobile home (Not Verified, as thus not included in underwriting assumptions)Key Underwriting AssumptionsDown Payment 25% of Purchase PriceEstimating a CAPEX/Repairs cost of $150,000Estimating Operating Reserves of $10000Stabilized Vacancy and Concessions/loss to lease at 10%Using a cap rate of 7.23%Key Demographic DataTotal Square Footage 21,130 Supply Index: 6.3Population 3,338 1 Yr.

have a very picturesque property that I have thought of using as an Airbnb type situation, initially with a building not is use....however I am on a creek, with a little dock.

The other route I was thinking is to buy straight out using a FHA loan since this would be our first home.

Do you guys recommend using a sentricon bait system, or a termidor SC liquid trenching and drilling application?

You could have a few things driving the cost:-Location - if the house is more remote the contractor will have higher costs to get out there (gas, lodging, limited resources) or if you are using a local guy he might be higher because he knows there are fewer competitors -El Nino - the roofers we use are all busy because people are rushing to get work done before the rains hit.  

Off market deal fell into my lap and negotiated a cash offer using a line of credit How did you finance this deal?

- I would HIGHLY recommend using a HML that uses 75% of the After Repair Value (ARV).

Were looking at using a Heloc as  a down payment but its a variable 10.25% APR for 5 years  or 9.87% for 10 years and we have to pull 100K on first draw. of course we can put back what we don't use.

I highly doubt they have that overseas.You're much better off using a US manufacturer.