You will owe monthly payments until you fix the property up, rent it out, and refinance to a more traditional 30 year fixed rate product. 

Assuming that they aren't simply lucky in market timing, excessive in leverage, or excessively risky, why do you think that some companies and leaders ARE able to duplicate the ROI driving expertise and/or improve personal-business productivity in a way that allows scalability?

With that said, choosing your bank based on customer service relationships and business credit products should be a priority. if you’re looking for a bank that offers great service and lower wire fees, I’d suggest starting with NFCU.

Those fees add to the price of the property and many companies choose to cut other areas like renovations rather than increase the value of their product.  

I've had a change order for 14k and anticipate another may come when the canal line is cleared. one of the biggest things has been holding costs with my particular loan product, plus multiple extensions with multiple extension fees Thanks for sharing.

This tactic is unlikely to be productive when there is a large delta in rate.

But 1031ing your current land into better production land that you rent out can be a very stable platform.  

Most are going to want to lend on the rehab as it ensures the rehab to be completed,There are numerous ways to pencil it out in your favor though.It benefits to work with an experienced broker who can guide you through the process and put you into the best possible product and solution out there for you.

But the other question is are you sophisticated or accredited?

Less oversupply with that product type and more renters that were renting the more expensive bigger cabins are choosing the lesser ones because they love the area but don't want to spend as much on rent.We've talked with several long time investors out there and there isn't a one that have held on to their cabins over time that aren't still adding more.