Look up Ricky Carruth.

Cash flowing $300/month before wasn’t bad for a duplex 100km away, and the short-term rental pivot could bump that up if you hit the right market (travelers, seasonal workers, etc.).

If you are looking to do a refi at the end of the hard money loan, I would suggest lining up that refi company at the same time you are looking for hard money.

Quote from @Jenny Banner: Good Afternoon,I have flipped a few houses up in Connecticut.

Quote from @Lindsey Buxton: Want to level up your passive investing game? 

waiit so how are they scammers, they locking it up legally I didn't say they were scammers, I said some people look at them that way.

Here’s some context: Property 1: >$100k in EquityValue: $325kDebt: $220k @ 2.88% (30-year fixed)Property 2: >$70k in EquityValue: $325kDebt: $252k @ 3.38% (30-year fixed)Extra considerations: - I have $15-20k liquid to use for any of these deals- My current job is relatively stable, but not high-payin- Current properties in TX, living in NY, looking to invest in Mid-West (crazy, I know)- No other debt obligations besides the two mortgagesUltimate goal/timeline: Though a bit ambitious, I’d love to build up the portfolio to 10-20 units in the next two yearsI understand that any/all replies aren't financial advice; all ideas welcome for information purposes. 

When a tenant moves out, transfer the deposit back to Checking so it's ready to apply towards expenses or to refund to the Tenant.If you end up with excess funds in the Checking account, I recommend you transfer it to a third account that is specifically designated for future investments.

Also, don't take the funds up front, make draws as you go.

I would give it some time for lenders to catch up on this type of property.