This is much lower than the costs associated with refinancing.Benefits of Mortgage RecastingLower Monthly Payments: The most immediate benefit is a reduced monthly payment, which can free up cash for other financial goals.Save on Interest: By reducing your principal balance, you’ll pay less interest over the life of the loan, potentially saving thousands of dollars.No Credit Check or Appraisal: Unlike refinancing, recasting doesn’t require a credit check, income verification, or home appraisal, making it a quicker and simpler process.Keep Your Current Interest Rate: If you have a favorable interest rate on your current loan, recasting allows you to maintain it while still lowering your payments.Drawbacks of Mortgage RecastingRequires a Lump Sum: Not everyone has the cash on hand to make a significant lump sum payment, which can make recasting inaccessible for some homeowners.Doesn’t Shorten Loan Term: While your monthly payments are lower, recasting doesn’t reduce the length of your loan.

In most cases, the rehab money is interest free until you actually draw the money and if you never actually draw the funds, you won't owe the money when you go to pay off the loan.

There are certainly some things to learn along the way, but you'll figure it out as you go just like we all do.There are plenty of folks here that would be happy to help for free - including me.

In a stable free economy the natural tendency is for prices to go down not up.

Are you looking to sell some/all of your portfolio by minimizing your tax exposure and be more "maintenance free"? 

If they are low balls then usually you are asking someone to work for free as the fix and flip landscape is competitive for a low pay out.

I have heard the 16% solution mentioned. 

So why work, why stress herself out, take on student debt, hours away from family doing that 9-5 all to achieve about $80kyr.

If not, feel free to reach out. 

I was wondering if a manufactured home would be an economical and profitable solution.