@William MacBride The excess goes to the borrower, but exactly how that happens probably varies from state to state.

If you use a 30 year, nothing says that the excess cash flow you will have can't go to the principle, thus paying the loan off in 20 years or less.

at month 10 I decide If Im going to put the excessive cash into the rehab, (minor items i would have already taken care of)

This seems very excessive.

If ANYTHING goes wrong (new furnace, vandalism, damage done by tenant in excess of the security deposit, etc), then you're broke and out of business.

The claimant is awarded damages in excess of what your insurance covers 5.

All investor came here started with small project.I have several small size rawland here if u do have excess money from land purchase we can developed it & move on retailing. the ROI IS ONLYLESS THAN 1 YEAR after that profit will come.I forgot to say how boomed our Real Estate Investment (REI) here in our place.

These include management, maintenance, vacancies, taxes, insurance, advertising, utilities paid by owner, entity maintenance, evictions, legal fees, court costs, excessive damage done by the tenants, lawsuits, etc, etc, etc.

Don't assume that your local retail home improvement store is the place to go for all of your needs- remember, every dollar spent in excess is a dollar lost.Make sure that your figures work out, and give yourself some financial room for the unexpected expenses that almost always come up when dealing with rehabs.Establish a good business relationship with wholesalers in your area.

The following is listed under the listing of amounts to be credited against minimum wage:(E) If, as a condition of employment, the employee must live at the place of employment or occupy quarters owned or under the control of the employer, then the employer may not charge rent in excess of the values listed herein.Another property owner that I know provided me with the two scenarios that I listed in my original posting.