Just found this earlier this AM.

If you are willing to do this over a long period of time, this can be a great strategy, especially in a low-inventory market.

This could easily cost you $10’s of thousands if you plan to stay in the home 5+ years when you return. 

New to the app & doing some research, I found this app might be a good resource.  

I would, If in this position, take the equity in the form of a HELOC and purchase a cash flowing asset that would not only pay for itself but pay for the cost of the money while putting cash into my bank account each month. 

I don't have a dog in this fight, but I'll side with others on this debate.

Anyone with the capabilities to do basic research knows and understands this. 

i know this.

Sale Price$171,000 - $55,000 (Rehab) - $13,680 (8% fees) - $40,000 (profit) = $62,320 MAOFrom talking to other investors and doing research, typically a Novation allow more money to the seller, correct? 

I’ve done a couple of fix-and-flip projects in the past using a hard money lender (HML), which has its pros and cons.I’m currently looking at a couple more properties and trying to decide if I should go with an HML again or explore other financing options.