We have one right now we are in where the borrowers loan has matured and they as part of the restructuring want to convert the loan to a 30 year fixed loan at 1/2 the interest rate of the current loan.

For quick capital, fix-and-flip works well but requires more time and risk.

It lacks a reconciliation feature, so it's impossible to fix transaction import issues.

If you're in a very precarious spot I'd be 100% fixed income and then depending on risk appetite & unit count down to 30% fixed income.

If it's that little, that usually means it's just running in one area and is a pretty easy fix, not an entire rewire.

Do you want to fix/flip or do you want to buy/hold?

My strategy for getting started is to use a HELOC for my down payment and all other upfront cost and reserves, then refinance as soon as possible to get the fixed, lower, interest rate.

But still, preparing maybe 10% of the property value saving for fixing and vacancy will be a good idea.

That sounds like an ideal situation versus doing a full fix and flip for your first deal. 

I have had to share them with underwriters on multiple occasions