And the delayed finance loan only allows for what you put in +closing OR what is on your HUD - per a recent BP podcast I listened to where the guest pre-paid his repair costs and put them on the HUD and was able to pull those out too. 

Most investors forgot the loan costs, prepaids and setting up escrows.We also run into repairs that the client doesn't document well to show increases in values.Thats about the most common I see as a broker working with clients.

She prepaid until January.

@Jason Easter my best suggestion would be to save around $10k and do an FHA loan on something that doesn't need much work. (3% down, 5k in closing costs and prepaids) With very little cash cushion you're taking on a lot of risk with a major rehab and you don't have a security net to fall back on if something goes wrong. 

I upgraded, but wouldn't have given the freedom I just granted them to debit my account freely. 

I've been doing the yearly reconciliation and debit/crediting the current tenants.  

Since we essentially prepaid the required three-months interest, we will wait until then to do the sale so we wont pay two loans at the same time.  

of refi legal fees and more, we closed the loan last Friday and cashed out 75% of our capital after all fees, plus prepaid taxes and insurance. 

We could pay it back in 48 months or less.With the exception of the mortgage on our primary home, we have zero credit card debit (lots of available credit, but no debt) and no car loans. 

With a 3.5% down loan you’ll be all in at around 10% including closing costs and prepaids.