The lender does charge the flipper 4 points upfront, and the note represents 55% of the property’s ARV, so I’m not too worried about needing to foreclose if it comes to that.The lender uses his own capital for initial funding and then sells off the notes after that.

(i.e. initial decorating and painting, bookings, rate structures, marketing, bookkeeping housekeeping, etc)? 

If I pay the 3.5%, I need less initial cash, but pay for it with high higher monthly payments eg PMI.

Would love some feedback before I make the initial buy in. 

The picture they have on Zillow vs one of the several I have with the same view:I don't know who your current PMC is, but I had to switch from my initial one in Warren, MI as it was taking too long to get a renter placed. 

While the initial years might not be financially lucrative, the knowledge and skills you acquire will be invaluable.

The digging out has priced out much lower than we thought initially, so we’re using the additional money for an overhead sewer (the only flooding we’ve had in the 13 years we’ve lived here has been sewer back up).

Windsor, Ontario has partnered with us on many new initiatives aimed at making Detroit an international destination. 

I initially looked into Baltimore, but after some research, I noticed the population has been steadily declining, so I’m not feeling as confident about that market. 

If you get some appreciation, does that compensate you for your initial outlay?