Best way to think about hard money is as a bridge loan.

@Maurice Smith 2nd vote for RL Management.Regarding owner payout timing, it's easier to pay sooner for Class A rentals, because the tenant payments are more consistent.As you go from A to B, to C, etc., tenant payments are LESS consistent, so many PMCs opt to pay owners later.

Investment Info:Single-family residence buy & hold investment.

My plan is to sell my primary home in New York and purchase a house to live in South Carolina.

You’re thinking strategically, and it’s great to see you weighing all your options before making a move.

My name is Alex, and I am a local real estate agent in San Diego.

It does not have to be a one to one exchange or a asset class to asset class.

So there are a handful of holes and instead of them fixing them, you want a professional... second thought, you'll do it for $5 a hole. 

To me at my current knowledge level, this deal only works if taking over the loan - to limit the out of pocket money to acquire the property since the outside reno and new septic would take up the bulk of rehab costs. 

Investment Info:Single-family residence buy & hold investment.