Sometimes the client will say they want to flip the property but half way through the project, the client will want to make it a rental. 

For example, if I only held the loan for six months, I would only pay half of the total annual interest that was due.Additionally, the investor was always in the first lien position, with a mortgage recorded with the county at closing.

Half of Squares revenue is coming from BTC transaction fees - they also recently bought $50m worth.

It’s currently half that or less.

half of my deals we get paid off by a refinance IE they are BRRRRs  I have been doing acquisition and rehab loans for BRRRs starting in 2002 in Detroit.. done thousands of them for clients all over the US.

Second largest metro area in Alabama with a population of over 500,000 when including Baldwin County, of which over 40,000 individuals commute from for work.3. 7.5 miles from downtown is The University of South Alabama which employs more than five thousand people, and has over 15,000 students.

My company manages properties nationwide; some for local investors, and some for investors with properties hundreds of miles away!

For most multifamily, I'm seeing on 30 year amortization to boot.Reminder for the lurkers that this has nothing to do with single family homes, 1-4 unit residential all gets residential mortgage financing, which isn't presently as good as commercial.Odd world where the 8-unit property has a payment that is less than twice as much as the fourplex, even though it pulls in twice the rents, and has less than twice the maintenance expense (the price of the fourplex is likely to be more than half the price of the 8-unit, and more than 1/5th the price of OP's 20-unit, holding constant location etc, but that's another rant for another day).

I live about 25 miles or so, away from there. 

I did a local renovation where I was onsite at least once a week and I went over budget by more than $50,000 but because California properties appreciate or at least hold their value.If you can find a way to invest in the LA area or within driving distance you have a lot more control than buying 2000 miles away and doing a renovation from far away.