Leverage short sales to get good prices and plan on holding them a while, either as rentals or lease options.I have, however, read an article lately saying there may be a lot of rentals on the market as rehabbers end up stuck with properties they can't sell and rent them cheap just to staunch the bleeding.

My current rehab, the walls were bleeding from cig smoke.

Depending on what you see outside your window it is natural to assume that the whole of the US is similar.When I worked in CA the rust belt was bleeding jobs.

If that's what you mean, then you should not do another deal because you're bleeding so bad on the first one you need all the money you can spare to support it.

You're a real bleeding heart TC!

It's just gonna slow the bleeding, at least until rates adjust again and we are back in the same situation.

There doesn't appear to be a fundamental business reason to hold, given it will bleed cash.

I need a way to stop the bleeding and to come in and take over control of the property if certain benchmarks are not met.As the rehabber, you basically want to insure that the money is fully committed to the project.The investor typically gets 50-70% of the net profits so it is certainly more expensive that having a lender.If you were to ask me, you want a private lender who you can pay about 10% to rather than 15% to an HML or splitting profits with a JV.

So the entire kitchen needs to be ripped out cause it swelled to the middle of the kitchen.

Originally posted by @Tyrus S.:Well