I cannot imagine that having 1 thermostat for 2 units would be possible especially once we move out and have tenants in both units. 3rd unit dilemma The 3rd unit is not finished.

The process from start to finish would take four months and cost ~200k to build, with comps in the area around 355k-lender man said, refinancing would take six months as most lenders wont refinance a property unless its been built for six months, affecting the strategy to get paid out from refinancing quicker and closing out on construction loan-The property would not appraise at comps value, but at the cost it took to build, affecting getting paid out from the refinance.

Bank pushed us to 40% down payment so also executed a $85K seller carry-back loan to cross the finish line.

Hey did you finish and complete the course and how was it?

In your case, if you’re working with older sellers, you could even use some of the funds to pay for their senior living stays while you wait for the renovations to finish, which would take a huge burden off them and solidify the deal in a way that works for both sides.I think this type of financing works great because it keeps the deal flowing and ensures you're able to close without the traditional loan roadblocks.

My parents have finished paying off the mortgage on their home and are wondering weather it would be more profitable to sell their home or rent it out. 

We just finished a project that we consider a good deal and it panned out like this.

But then moving to actually renting while our children finish school and investing out of state instead. 

I'm not sure at this point if I'd like to sell the entire property as a whole when I'm finished, or sell each unit as a condo,or even keep the most or all units to rent. 

You don't want to get a call 3 months into a project where you have lent money and hear the operator say that they ran out of money and need more money from you to finish the project or you will lose your investment.