Obtain the necessary insurance as well to guard against any hazards or damages that may arise throughout the renovation process.6.

Common fees will include a set-up fee, a leasing fee for each turnover or a lease renewal fee, marking up maintenance, retaining late fees, and more.

I have heard that it is common practice that private money lenders collect a monthly fee thru various methods, I'm trying to determine what those methods are.   

Stay away from grey LVP pick warmer colors if possible, choose hard surfaces for common areas and soft for bedrooms.

Certainly, this is a common strategy.B.

The loan will be interest only for about 12 months (up to 18-24, but 12 is common) with a balloon due at the end.

Even if you rent the house for $2,000 a month, you will still lose because of maintenance, vacancies, and the expensive mistakes common with newer investors.You can borrow up to 70% of the equity.

@Ryan BroschardHi Ryan,You have hit a common issue many new investors fail to anticipate.  

And I know that a refinance would be the best, and most common, way to go. 

Thank you.Good morning, Joel - What you are describing is a very common practice on the private lending side of the financing industry.