If I will refinance before the 5 year fixed period expires, without any penalties, I'm having a hard time understanding why I'd want to go forward with a fixed rate currently.

Purchase price: $400,000Multifamily duplex in Merry Oaks, each unit is 2 bedroom and 1 bath, this transaction was a Judicial sale sold as is and was subject to 10 day upset bid period with Mecklenburg County w/ free and clear title, 6 months later & Zillows zestimate is $577,100 before any repairs or updates have been made. 1827 Merry Oaks Rd, Charlotte, NC 28205 📍#realestate #realtor #investing #property #houseflipping #realestateagent #biggerpocketsWhat made you interested in investing in this type of deal?

They're inspecting nearly every home now post-bind because of the difficult insurance environment and ability to get off a risk (flat cancel) within a certain period of time (depending on the state) just after the policy was issued. 

.We are in the due diligence period and I haven't sold a property before so I appreciate the help.

You simply obtain funding based on your net cash flow after debt service and 'pledge' that cash flow for a period of time (up to 5 years, no pre-payment penalty), for a cash advance.

We have considered renting our current home as a mid term but we are afraid there isn’t much demand and it would sit vacant for long periods of time between tenants.

Keep in mind, that to have/form Mold, the water leak has to be persistant usually over a longer period of time. 

What is a standard listing period for exclusive right to lease agreement?

Depending on the scope of the project, you should request periodic pics/videos showing/confirming the quality of the work and timing is on schedule.

So for me the main challenge is finding properties and predicting rehabs and maintenance costs while periodically reviewing my numbers to make sure I am hitting my conservative targets.