The deals are very conservative and are mostly wealth preservation with modest cashflow (3-4%), but they've performed for me even while many syndications originated at the same time have been failing. 

.- Assuming a 12% HML with a 3% origination fee held for 4 months, with a 30-year cash out refinance at 70% LTV and 7% interest rate, where the property stabilizes two months after refinancing (6 months after purchasing), you would (i) nearly breakeven on the cash out refinance and would generate $455 in monthly net cash flow in year 1, increasing annually, assuming you rent for $7,000 in year 1 and increase rent 4% YoY.- See below and let me know if you would like me to send you a copy.

Just because a policy date is on the original, doesn't mean the contractor's policy is active.We do it all day every day for property owners.  

Not using agents with neither party puts me closer to my original number.

Dave, I always felt that the original founder Josh Dorkin has pushed the cashflow narrative based on his own personal experience.

They wanted to stay past the original lease-end date of 6/30/24 through end of summer, so I told them they could go month-to-month through end of August. 

@Damion Brown Why not just use a bank originated construction loan that converts to a permanent loan?

That could be as high as $14K to $15K not to mention Title fee's, origination fee's and days of interest another $7K to $8K.If you choose a lender or broker and they hit you with lender/broker fee's/points that’s another added cost.My best advice as a Banker is reach out now get a Pre-approval letter up front and give the Bank an idea of what neighborhood or a "mock" address and you can get an actual quote up front to avoid surprises.

Originally posted by @Thomas S.

I'm originally from Long Island and that is where I started investing.