We estimate the project will take less than 3 months to complete.I’m exploring alternative short-term financing solutions and would appreciate any advice or recommendations on options that might work well for this type of project.Thank you in advance for your insights and assistance!

Our bank will let us use equity that exceeds 25% across multiple properties that are either owned free and clear or where they hold the first so long as the deal still cash flows with however much cash is brought to the table.

The key is making sure you have the right team in place—outside of market research, finding a trustworthy property management company is one of the most important factors in making long-distance investing successful.

Any advice is welcome.In my opinion, if you can go conventional, most of the time it is a better choice due to the better interest rate and terms.

My wife and I have done all the terms (short, mid, long term rentals) and have done some live in flips.

Assuming these are for short-term loans, such as for flips, @Keith Groshans, you could do what we do and let the borrower keep the money and pay everything when they sell the property.

I was actually considering doing a shorter mortgage term to gain equity on the property faster.

As far as the bedbug cost, I would consider how long you are willing to let the place sit empty. 

Make sure it explicitly explains the process for termination if you are unhappy with their services, especially if they violate the terms of your agreement.3.

They also have a home vacancy tax in a lot of areas which applies to short term rentals.