Essentially, terms were prime +1 interest only for 12 months with only 1 discount point.

Horrible.The REIT is essentially a "blind pool" investment.

But yeah, essentially what others have said above.

The GP was so open and transparent every step of the way with the different types of insurance that were essential, adjusters, replacement cost, debris removal, code upgrade, etc.

Now they're saying there are two strategies after doing this flip: 1) Flip it and get the cash 2) Turn it into a rental (essentially a BRRRR). 

Aloha,Keep in mind, NO credit is usually far better than BAD credit...and credit is only one element of your screening criteria.

That means that all neighborhoods have some element of "D class", so even if you make your property "A class", it will be held back in appreciation.

This is essentially a cash-out refinance post-closing. 

Hi tax pros - I have a question about REPS status.First, selfishly, do you believe that my job as CEO of BiggerPockets, which I spend obviously spend essentially all working hours on, and dwarfs activities involving my real estate portfolio (which is managed via a property manager) qualifies me for REPS status?

But the fact remains that you would be paying for 3 loans essentially.