.🎓 The Knowledge EdgeWhat makes both investments successful?

Reason being HML's are typically short term loans that are interest only.

How much will be the interest rate, and terms of the loan. 

He owned a duplex, and one of the long-term tenants had built a small deck out back without permission.

Additionally, the beach is still within reach...just a short 1 hour flight or 6 hour drive.  

Chance of deal success needs to be high- 95%+.

You ask about a skip tracing issue because you are not having success with it.

I'd love to hear people's thoughts on the current market and any success/fail stories in the Phoenix area.

I use this type of system in a ten unit that I own because the cost to submeter each one was cost prohibitive I usually don’t include other items like wifi/internet unless it’s a furnished/short term rental. 

Private Money or Hard Money LoanHow it works: Short-term loans from private or hard money lenders to purchase the lot and finance the construction.Benefits: Easier approval and faster processing, focusing on the property value rather than your income.Downside: Higher interest rates and shorter loan terms (typically 6-18 months).