Initially, we conduct a pre-screening by sending out a basic application to determine if applicants meet our minimum requirements.

We have supplemented our income with plenty of add on packages, local partnerships (jet ski/boat rentals, breweries, restaurants, etc)

I've been advising my investors to look at options that do still have a pre-payment penalty, but that the window is shorter and it is a step-down.

I have have a pre-foreclosure that I’m dealing with.

This is common in my area/Colorado in general especially the ski towns that still allow short term rentals. 

APR of 9+ seems a bit on the higher side.

APR 0% for 18months

For me it is usually a 24-36 month loan at between 13-15 APR%.

If you are BRRRing then be sure you have a pre-planned bridge loan exit strategy and know the costs of the exit strategy, before you sign the contract.  

We lived in it for a year, remodeled both units and put in place a long-term tenant on one unit and a mid-term tenant on the other.Here's a little more details about this deal:*   Purchase price: $163k*   Financed price: $132k @ 7.625% APR*   After repair (estimated value): $225k*   Gross rents: $2150 ($750 one year lease & $1400 six month lease)*  Annual taxes and insurance: $7000*  Approx credit score: 650 (I used interest free credit card to pay for remodeling this property and maxing it out caused my score drop almost 50 pts!)