Sure thing, @Logan Turner, happy to help.Many seller financed folks like to see 80% or better LTV (Loan to Value) since this note is considered non-conforming to the majority of the marketplace.Location plays a role in the value in the sense that some states have shorter foreclosure timelines and lower foreclosure costs than others (or a better economy, eviction laws, etc).Best,Dave

@Eddie Shah If you are thinking of waiting, for prices to decline I assume, you might consider putting the money to work via shorter term private lending or some sort of syndication deal and still get double digit returns on your money.  

Also if you have attic space in the garage and have/replace with shorter units you may be able to stick them up there.

I looked into HELOC's and Home equity loans but because of the shorter term/Higher payments, those are not options.

Due to the nature of the incident, I was able to give a shorter notice to vacate (14 days vs normal 30 days).

I could also have had lower mortgage payments by going with the lower interest rate for shorter period locked in rates.  

You *MIGHT* be able to get away with it if you are renting for 30 days+ at a time, but I doubt that shorter terms are allowed.

Those who ask for 12 or more months educate them and sell them on how a shorter term lease works in their benefit.

But portfolio loans will carry a higher rate, have a shorter payback period, be an adjustable rate, etc.The method that most investors use to refinance is to wrap the repairs into the loan so you don't tie up any more money than you need to.  

A commercial loan will have a shorter amortization period and most likely a ballon before full term.