Some banks offer accounts with no monthly fees or provide ways to waive them based on account balances or activity.3.

Of course, as long as the property is rehabbed well and the refinance LTV covers the hard money balance owed.

My business is small balance Mid west rust belt funding..

So looks like about 17,000,000 in sales volume so far this year.. now to be fair and balance this is in our new build community. this is in a little Berg called Canby Oregon  the project is www.ivyridgeestatescanby.com  The market is anything but dead or bad..

Trying to balance the two.

In every transaction the buyer would be getting money to put for a down payment and then funds from a third party are the balance of the loan.

It's clear you're trying to balance being a compassionate landlord with the realities of managing a property.

So, for as long as the note we hold doesn’t pay off, we collect $10,722 monthly interest and pay out $4,100 on the underlying note - of which prox $2,000 is interest with the balance principal reduction (since our note is interest only this represents note equity buildup).  

@Manny Martinez FHA monthly mortgage insurance is typically 0.85% of the loan amount, so you are effectively already paying the rate you were quoted, $200 per month on an $80,000 loan amount would be about the equivalent of a 3% interest only loan, now factor in the difficulty in finding a 2nd mortgage in todays rate environment that low and assuming the refi rate you are talking about is a fixed rate, your $200 extra per month is paying down the balance of the $80k further reducing the effective rate you are paying on the $80k, all while paying about the same effective rate on your existing balance when you combine your rate and MMI... seems like it is a good move to me or at least better than finding a 2nd mortgage.

I assume this is in LA...have you asked about the DP required to get a high balance conforming loan?