Ask yourself if you would rent to them if the kids were permanent occupants.If mom dies, gets seriously sick or goes to jail you will have 5 permanent tenants till they give notice to move.When approving applicants you must consider all conceivable possibilities in determining if you wish to risk accepting anyone as a tenant.

That income/liability measurement is important on a permanent financing transaction but not on a Hard Money Loan.  

What do rates look like for permanent financing? 

She is permanently in an assisted living facility and her monthly expense for that facility is paid by long term care insurance so the bulk of the $2200 would be available to service debt should the cash flow from the properties fall short.

So the significant difference would be the ability to build in equity, leaving little actual cash in the project once completed and permanent financing is completed.

Angel Oak has good permanent and hard money for investors.

Great book is Tax Free Wealth. https://www.amazon.com/Tax-Free-Wealth-Permanently...The government wants you to spend your money to grow your business.

I am taking a look at a market in NC and I am noticing quite a bit of permanent mobile home "plans".  

I roll Cash and Lines of Credit, then permanent financing.

Sometimes for days, sometimes for months.If he buys a house in Sarasota, but keeps his residency in the "old" city, does he get any additional tax breaks for the house in Sarasota, (close to work but over 100 miles from his permanent residence)?