It is a D/F.

This is why I love the power of BP CommunityExit Strategy: Initially, our goal is to hold the property long term for cash flowHowever, we plan on using HUD FHA 223(f) to refinance the property..if we cannot refinance the property before the balloon we will start marketing the property for sale around year 3Ben you bring up good points on the tenant factor.

@Colleen F. 

Hey Melvin F. you seem to have a great plan!

I used F$ when I was just getting started and it helped me out a lot.

I f you would like to partner to find cash buyers for these properties.

@Hattie DizmondThank for the @'ing help. 

., 66202913-279-3347 (o) | 913-677-3584 (f) [email protected] | NMLS #488985They are 30 year amortization but on a 5 year ARM.  

Here's a link to the Compliance guide - Check out page 22 -  http://files.consumerfinance.gov/f/201401_cfpb_com..."

And yes, I live in Maryland but mostly in Africa which makes a reno even more complicated, as v. demo-ing and letting the developer do the rest.Chris, I like your suggestion about splitting the difference.Jay, the construction would be paid for by the people who are commissioning the houses, which is good because this way we don't have to put up any more money.