These loans come from professional private lenders, are more structured, and have higher interest rates (8% to 15%) with shorter terms (6 months to 3 years).

Im debating if its a good idea to refinance to a 15 year 4.375 fixed rate paying 2 points. it looks like a win win in most scenerios because of the rate savings and shorter term.

the road to recovery is shorter because they have a lower basis.

And with the numbers being higher (1,000 sq ft cabins are going for 500k that I'm all in around 340k, 2,000 sq ft cabins are going for 800k that I'm all in around 575k), I can create the same equity and cash flow that I did with my rentals in a shorter period of time with less units and with property management built in.But I'm also sitting on a nice chunk of cash that I am really hoping I can hit on one more strategy so I can have two of these things generating equity and cash flow on every deal without having to park much cash into them. 

It would be shorter stays but multiple in a month.  

The shorter the prepayment term has an impact on increasing the rate.4.

Thats another key factor to be able to pull out your initial capital and the next homes DP in a shorter period of time. 

The shorter the prepayment term has an impact on increasing the rate.4.

You may face higher interest rates, shorter loan terms, or be required to put up more equity in the property.

Turning a single-family home into a room-by-room rental strategy really paid off, especially in a neighborhood like Portage Park where whole apartments typically rent for less.The demand for month-to-month flexibility is growing, especially in cities like Chicago, where people might need shorter-term housing due to job relocations, school, or other temporary situations.