You would need more like a year or three....From CSLB:"The work site must be their principal place of residence that they have occupied for 12 months prior to completion of the work."

So, now you are up $0.75 overall.I understand of course there is the principal of the power of leverage, paying back with future money/rent, and being able to scale multiple properties that are amortizing/appreciating, etc.Otherwise, fundamentally my thought process makes sense, right? 

These loans allow borrowers to pay only the interest on the loan for a set period, usually the first few years, before transitioning to paying both principal and interest.

The principal of the IRA is in a secure asset that can potentially spin off tax-free rental income to you as distributions.There are some specific rules about using IRA funds that go along with the tax-preferred status of those funds. 

You may wish to evaluate the following factors and take the following actions:FHA loans are normally intended for owner-occupied residences, with the stipulation that the borrower would occupy the property as their principal place of abode.

These loans are focused on your credit score, lease vs principal interest, taxes, and insurance, and liquidity position for qualification and do not require tax returns or W2’s.

If you have a chunk of cash lying around, you could always put that towards the principal and refinance.  

Is there a lender out there that lends in PA and allows payback of the interest, principal and points after the sale of my flip?

Our total out-of-pocket costs will therefore be around $7,700 ($3,700 down + $4000 rehab).The numbers look like this: Rent $650 Loan payment $345 4 years @ 5% HOA $130 Insurance $13 Property taxes $67 Maintenance + CapEx $80 For new windows and HVAC Cash flow $15 During land contract Cash flow $361 After land contract Cash on Cash 56% After land contract ROI 48% During land contractAs the numbers show, there is virtually no cash flow during the 4 years the loan is being paid off, but the return on investment from principal pay down is almost 50% PER YEAR.  

Your vacancy expense could be quite significant and consume all of your profit and even get into your principal.