If your loan is $110K then the payment on the 15 year would be $927/month at 6.15%; 30 year option at 6.625% would be $690.

Here’s some guidance to help with your next steps:Hard Money Loan: Hard money lenders can often cover both the purchase price and some rehab costs (up to 70-75% of the after-repair value or ARV).

Hello, my name is Julian. I am a licensed realtor based in Atlanta, Georgia, and I am currently working on obtaining my mortgage origination license. I am 14 hours into the 20-hour online course offered by "RealEstate...

@Jerry Chilimidos I am not a CPA owever my understanding is any loans to your IRA can not be personally guaranteed.

Experience depends on who you deal with - the cleaner the loan file and more organized your paperwork the smoother the process with any private lender.

You could get a loan from a local bank or private lender to fund it

I'd guess half of this final third eventually sold, even if several years later. 

Finally, short-term rentals can offer potential tax advantages, as many expenses associated with the property may be deductible.

I know that interest on the acquisition loan can be included in the cost basis since it’s inventory.

I financed this deal on a 30yr conventional loan and I put 11,000 down with a 6.625% interest rate.