Private Money or Hard Money LoanHow it works: Short-term loans from private or hard money lenders to purchase the lot and finance the construction.Benefits: Easier approval and faster processing, focusing on the property value rather than your income.Downside: Higher interest rates and shorter loan terms (typically 6-18 months).

Underestimate the costs and come up short needing the funds?

For this post, the long story short is that no cats were on the application but lo and behold, there are 4 cats in the house during my first inspection.

I think the folks trying to do Airbnb and short term leasing in Cleveland's many Section 8 neighborhoods are out of their minds.

On the other, the prospect of short-selling the homes didnt look so awesome either.

We had hoped to rent our house for short-term or mid-term stays.

If you find someone giving you confused looks, seek a mortgage broker that helps investors.I'm not so sure how they would calculate income from short-term rentals.  

I will be getting rid of her shortly.

She can use that money to get a hotel room or short term rental....or stay with family or friends.

Here's a short treatise by a title insurer:A deed in lieu of foreclosure is a deed given by the owner of mortgaged property to the holder of the mortgage or its designee where the mortgage is in default and foreclosure is a possibility.