He ultimately refi’d into a loan that felt hefty at first, but it freed him up to add another unit in the building.

Typically when you see "cash only" the agent doesn't believe the property can pass a home inspection which isn't relevant for construction loans in most instances and there are plenty of banks, hard money lenders etc. who offer construction financing on distressed buildings.

The hard money loan interest rates scared me, renovations were going to go over, ARVs probably overestimated, got out of it.

The builders lender was pressuring them and would not give them new loans until these were retired..

Investment Info:Single-family residence hard money loan investment.

Positive cash flow and low interest, i assume, long term loan is an enviable position that with time will produce larger cash flow.  

Negotiate seller concessions, consider affordable markets, and focus on long-term equity growth through appreciation and loan paydown.

Did a DSCR loan after 6 months to pull the bulk of the cash back out.

you do not want software its too expensive - you will want to use a third party loan servicer.

The best thing to do here is utilize what's called a DSCR loan.