Short answer: No.It is very unwise to use credit cards, hard money lenders, or other high-interest loans unless you have the means to pay them off quickly.

Here are some quick numbers for context.Purchase totalAfter RenosYearly RentsCap Rate (pre costs)Cap Rate (- $300 IRS, PM, INS)$62,240.00 $64,890.00 $11,760.00 18.12%12.58%$71,280.00 $71,530.00 $9,516.00 13.30%8.27%$37,116.00 $39,116.00 $10,500.00 26.84%17.64%$58,857.00 $59,857.00 $12,000.00 20.05%14.03%$49,501.00 $56,046.00 $10,740.00 19.16%12.74%All in, we're interested in any creative financing - traditional refi, portfolio loans, DSCR, HELOC.

San Diego moves fairly quick, could be a couple months or more.

I saw their Facebook post promoting their quick collaborative mortgage service and decided to try it for a property renovation project.After filling out a form and providing my ID and bank statement, they promised a $41600 mortgage within one day, but required a 3% service fee.

Welcome a board and should you ever have any questions feel free to reach out or send a quick message.

Have them sign an actual lease and then send them a legal 30-Day Notice to Quit (eviction) on day 59 of their stay.Doing this, will allow you to quickly start eviction process if they overstay and don't pay.

North Linden, South of Main, Vassor Village, Woodland Park, MT Vernon, Milo-Grogan, Franklinton, Merrion Village, Hungarian Village, Southern Orchards, Driving Park, Olde Towne East, Franklin Park, King Lincoln, Old Oaks, Livingston Park are all but not limited to some areas in Columbus, Ohio I think will gentrify quickly and make for great long term buy and holds.

Get-Rich-Quick dreams.

I did a quick search for rent and this unit would rent for around $2500 per month.

Typically listing on the market is the best way to go unless they NEED a quick close or the home is in shambles.