Tha is usually short term 6-12 monthsAre you putting permanent financing on the home?

The rehab is funded 100% as an escrow holdback and is paid out in draws  Use that money for say 6 months when the seasoning period is up and then go to your community bank to get your permanent financing.  

I have one permanent renter (full week renter) and one temporary (lives here half weeks).

Building another house for investment/income property may present a challenge to get financing from a bank because you'll be seeking a construction-to-permanent loan.

I wouldn't want to permanently leverage my primary residence with a cash out loan.  

I eventually took out a 8 month interest-only personal loan for the entire purchase price at 5.5% There will be permanent financing options available after the rental has "seasoned" for 6 months; since I bought the property at auction as a "case only deal," conventional financing wasn't allowed by the seller. 

We also wait before granting the borrowers a permanent loan modification until either the 13 or 25 months so that if they comply with the trial modification or forbearance agreement then the chances of them defaulting decreases.

My current construction project should finish out with 22% equity after costs, which will almost allow me to be into the project with zero cash after the permanent financing.  

A forbearance is not a permanent change in the payment amount (or any note term) it is temporary and at the end of the term obligations go back to what the note stipulates.  

Hey there,My name is Ignacio, I'm 26 years old and I joined this community looking forward to get some guidance on what to invest in the near future.I'm from Argentina and currently working for a U.S. based company as permanent contractor.