@Mindy Jensen and @Kevin Leahy I'd like to come back onto the podcast to give an update on the lease option model and how we have switched up that model to what we call the floating lease option.  

Or outsourcedIf they've had deals that have lost money, why did they lose money and how do they prevent that again from happening in the futureIn place cap rate the property is being bought atIn place cash flow from day 1 the property will have (based on trailing financials, not projected)Debt - fixed or floating?

Your banner says Napa County (I'm about 1.5 hours from you if that's the case). 

Either way, the properties that will float to the top are those with the most clicks and booking activity, (or the brand new listings).

You really want to have this piece firmly in place before floating offers. 

Ten of them have had floating rate debt so there has been a lot of discussion about refinancing in those deals. 

My wife and I are under contract on a home we would like to turn into an MTR at some point close to downtown Mesa and the Mesa Arts Center, ~ 10 minutes from Banner Health.

But only Brokers will know how many of those are really floating around in your market and for that size asset. 

I have three deals in loan processing now that have the numbers of:165k purchase70k rehab360k ARV35 day rehab175k purchase75k rehab375k ARV40 day rehab185k purchase90k rehab390k - 400k ARV40 day rehabIn the deals above the Investors will need about 30k - 35k in liquidity between transaction costs, closing costs, holding costs, and first in money to contractor and will will get returned to them at least 125% return on their float within 100 days.I sent you a PM, Seth.

Property ARV: $450kTotal in: $350kMonthly rent: $4000Monthly taxes & insurance: $530[Loan 1] (via broker)75% LTV1.5% origination fee ($5062)Other fees: $1595 underwriting + $1295 processing (=$2890)Interest rate (floating): 7.25%5 years PPPMonthly P&I: $2,278Rent - PITI = $1,192***If appraisal comes back high enough, may be possible to do 80% LTV at 7.99%[Loan 2] (direct lender)70% LTVNO origination feeOther fees: $1,395 underwriting + $695 processing (=$2090)Interest rate (will not change): 7.375% 5 years PPPMonthly P&I: $2,152Rent - PITI = $1318---------------------------I really like how there's no origination fee with lender #2 so I get to keep more of the money I pull out.