Hard money loan How did you add value to the deal?

I supplied that and then they said they wouldn't extend the worry fee waiver because I hadn't provided a new lease.

Here's the deal:Purchase Price (PP): $95kRenovation Budget (via HML): $60kTotal All-In Cost: $155kARV (After Repair Value): Around $200kRefinance (via DSCR Loan): 7% interest, 30-year fixedRefinance Details: After the refi, I will pay back the Hard Money Loan (HML) at 11.95% with 3 points:HML: $60,000Interest/fees: $3,585Other costs: $1,800Total to pay back HML: $65,385After the refi, I will have $84,615 left in cash.Cash Flow & Expenses:Expected Rent Income: $1,700/monthProperty Management (PM): $126/monthInsurance: $100/monthTaxes: $126/monthMortgage: $1,043.75/monthTotal Expenses: $1,395.75/monthSo my monthly cash flow is about:$1,700 - $1,395.75 = $304.25/month in cash flow.Return on Investment:Cash Invested After Refi: About $18,385 (after paying off HML and closing costs).Annual Cash Flow: $304.25 * 12 = $3,651Cash-on-Cash Return (CoC): $3,651 / $18,385 = 19.8%I didn’t account for maintenance costs since it’s a full gut rehab, and everything is brand new.

It cashflows like crazy as is, you take out a tax free loan of $1.2M give or take, you leave it to your heirs when you die and they pay zero taxes. 

@James Calvert there is conventional financing that allows you to use renovations to make the property livable, just as you would with an FHA 203k loan.

I would like to at some point be at the Executive level providing great leadership that focuses on open communication, innovation, continuous opportunity, and safety.From my time managing people I have learned the most important trait in a great new hire is motivation and independence.

DSTs can act as parking arrangements, providing more time, and they can later do another 1031 exchange out of the DST.

I am pretty sure state farm will ask me to start a new claim.Hope that provides some insights.

A relative who does long-distance real estate investing told me that I have to sign the final loan document and the transfer of ownership document in person.

Based on the content of the podcast, a primary home w/ a detached or attached ADU would be similar to the example you provided of the triplex you owned and lived in.