Hard money lenders charge higher interest, but it is usually anywhere from 9-13%, so it would STILL be lower than the option you chose this time. 

With mortgage rates below that value cash in a property is losing money not increasing cash flow.

I believe the property is currently vacant and I'd like to get the rehab done (mostly using contractors) and have the place rented in 4 months.If you have the time to read my explanation below I'd love to get your opinion.

Most of our tenants now know that a fractional increase is coming and because we stay just below market, our tenants are typically motivated to stay.

Below is a link that makes the case against us, particularly this:In addition, an out-of-state LLC is “doing business” in California if: The LLC is commercially domiciled in California (i.e., California is the place where realistic control of the LLC’s functions is centered).https://www.corporatesecuritieslawblog.com/2014/07...I would love to hear your thoughts if you know otherwise.

The ins. co. will either insure in for what I paid for it, which is below market value or it's replacement cost which is unrealistic.

is it below industry standard in your area would be about 10% and a few points..?

(Omaha, NE)I want to work through a specific part of town block by block, and I want to find some assistance in portions of the 5 steps below, and help maintaining a master of results:1) Finding leads (Driving for dollars via google street view, craigslist for rent, listsource, MLS, other)2) Evaluating Leads (Filtering and storing, does it match my criteria?)

It's an interesting situation, explanation and analysis below.

Below is the draw schedule we have with our hard money lender for the project.