Then, after I had experience and several wins, people were willing to partner with me on deals, or lend to me in second position for a short period of time to help with the down payment and with repairs and then I would pay them back when I would refinance.

There’s no shortage of properties that could benefit from your expertise, and using your team during slower periods is a smart way to build equity and maximize returns.If you’re considering your first project, I’d suggest looking at duplexes in Belton, MO.

A line of credit is adjustable rate with interest only payments that will have a "draw" period usually of 3-5 years for investment properties (usually 10 years for primary home) then will amortize over the remaining term after the draw period.

unfortunately, I think you are right - it's a difficult market for investors, period. 

It wouldn’t even be listed on Airbnb during this period so I wouldn’t get dinged by them for blocking the calendar.

ET says no employees period, even if part time. 

During this renovation period would you, as the lender, want an Actual Cash Value or Full Repair Cost policy in place?

The heating system, while straightforward, wasn't cheap for my 3 unit and will have a longer payback period. 

When it comes to these types of auctions by the sheriff, is there a waiting period that must be observed before rehabbing/renting the building post winning the bid?

But secondly, we already build our profits into the deals and we made probably 160k among those 3 properties over a 3 year period of time with very little effort to manage once the tenant buyers were placed into the home.So yes, it is possible to make lease options very beneficial to everyone.YUP timing is important..