Thanks I have originate many of these AIO loans for almost a decade so I am familiar with the products, the pros, the cons (nothing is perfect), the qualfications needed, how to utilize them, etc.I dont use the AIO personally however Implement a similar strategy manually using a commercial line of credit which is similar in that its based on daily interest (Rate/365Xdaily balance = daily interest cost).

We don't bait and switch, we work deals based on actual details of the client's specific deal.

The lot size, the pool, and the quiet cul-de-sac location provided great bones, and with the right upgrades and modern touches, it could command a much higher price in the competitive Hamptons market.

Based on what you're telling me, I'd also advise you to begin the process of evicting/non-renewing the lease.

You can get something that's turnkey or new construction at this price point, and most importantly, there's a strong tenant base ready to rent out these homes.

I don't see that happening any time soon based on your 2022 to now trajectory, but you do want to find a way to make it profitable.

Based on this strategy, it would only take about 2.5 years to pay off the $160K.

Forgot one detail the new California based lender committed to funding as long as the property isn't in an evacuation warning area.

Make sure to run your numbers conservatively and based on the current as is value if you plan to go this route. 

Hi Erica, what I've notice is that high-quality (high-priced) washer and dryers don't out perform other based price models in rentals.