(I know, nothing is certain but just hypothetically) and all cash out loans are not created equal. if you have a lot of equity you can borrow up to 60% with the lowest rate possible, which would be close to a half point lower then borrowing up to 75% loan to value. 

Quote from @Heather Luu: This brings me to another question.

Let me know if I can ever be of any assistance to you!

Look them up online, call and interview several of them.

It won’t catch everything in photos yet, and comps can be off, but as a way to speed up deal reviews and analyze more properties in less time, it’s been pretty useful.

You might also explore a Wrap-Up Insurance policy that covers all parties involved in the project.

waiit so how are they scammers, they locking it up legally I didn't say they were scammers, I said some people look at them that way.

I'm not saying one shouldn't seek advice and learn up before taking a giant leap for mankind, however the importance of ACTION, itself, I can't stress enough – especially in today's world of information overload.

Owner occupied advantages are sadly not available to me, but if you have any other strategies that you have had success with in certain markets in Providence let me know!

I ended up spending another $7,000 to replace the dirt.