If you have an uneven first month, say 15 days, you either sign a lease for 12 months and 15 days or 11 months and 15 days and the first month is prorated, but the security stays the same.You should have a separate interest-bearing account for security deposits.

Bear in mind that if this is ever reviewed it will need to withstand audit-level scrutiny.

Quote from @Rahul Bhatia: David Greene is smarter than the average bear, a REALTOR, and a former cop.

Dirt road wont cut it.. you will need at the very least gravel and depending on soil type you may need to put down big rock first like 3 inch then build a base of 1 inch minus on top of it so you dont sink. 

pricing is going to be determined by location for instance I suspect in Texas with its famous soil and foundation issue's it probably more money.. 

•The Notes will bear interest from the date of issuance, payable monthly, with all principal and any accrued but unpaid interest due at maturity.

Please bear with the longish post.A friend bought a property for 140K to rehab and long term rent in Sept. 23 using a HML.

Doing it this way would require you to take out the CL in your name and bear all of the risk, but it sounds like you're confident in the numbers so I don't see why that should be a problem.  

The intervals and % of intervals used to be fixed but I do not see a consistent pattern at this pointThe foreclosed amount have no bearing at allIs the property insured or uninsured?  

Actually, Big Bear is the mountain area of SB county and I do have STR rights.