Why not use bank debt or alternative lender debt if you don't qualify yet for bank originated debt?

The thing I'll be changing is the financing I've been doing with a local bank, which has been a bit slow and cumbersome.

The main issue I have is contemplating the baloon payment at the end of the 2nd year and refinancing the remainder with a bank...how can I compute that into calculating the IRR?

So does anyone have any guidance and ideas or know any banks that do rehab loans were all the money including labor is upfront and then we pay a monthly?

you will not find a cashflowing property at 100% financing whether its with a traditional loan and heloc or whatever the terms. 

Try talking to local banks who want to do business with you.

Hi Michelle,Keeping tenants' security deposits in a separate savings account at an online bank is a common practice and is generally recommended.

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Local banks and smaller credit unions are most aggressive in this space.

Mainland banks can not finance in PR.