Until the rates come down to refinance, the key for us is to limit the amount of turnover at the properties. 5K to 10K in rehab basically eats away at several years of cashflow.

For those that have invested $10k have you thought about investing that amount with Grant Cardone..

Banks won't usually touch it even if buyer is qualified to purchase, banks don't like to finance small purchases, most have minimum amount they will finance (around 100K or higher).

I'm sure how far Lake Monroe if from the University but I would also look into the amount of STRs in that as well.  

Wow, that's a ridiculous jump in that amount of time.

And if so, would you have to disburse all that capital within a certain amount of time? 

In other words, not resold to the government so the bank had more flexibility on the condition.I look at the original commitment letter and it states "xxx amount will be advanced at closing for the purchase of an investment property, and the remaining balance of the loan to be placed into an escrow account to be disbursed as improvements are made".No points, and only one closing, so I don't have to deal with a short term HML that I have to refinance in under a year.Hope that helps!

It's critical to to get references and work with BB&B-accredited and fully insured companies when this amount of money is involved.

Itemized breakdown has ridiculous amounts for damages, thefts of toolboxes, medical claim, loss of use etc.

Actual cost takes into account depreciation so complete destruction of a property could leave you under water in terms of the amount paid for the loss.