I don't think we are going to be able to come up with $50K before they're going to need to move and no, definitely no family members able to gift $50K. 

Hey Stepan, Some changes I'm advising and seeing my clients implement are expecting an extra 3 months of holding time and undervaluing the ARV just a bit due to high inventory on the market. 

If it was your own money I think you have to wait 12 months to refi.Run your numbers and make sure you will CF with a renter first.

A line of credit won’t commit you to a monthly payment unless you use the money, so you can avoid paying interest when it’s not in use.

Have enough that after you buy the property you still have 6 months of expenses in reserves that you can use for daily living.

To make the strategy successful, you need to find a property that can be acquired below market value.

It is easy to provide well-intended 'bad' advice.My questions to you would be... 1.

Just remember not to do a 12 month lease if you find someone this month or next!

Total loan is $500k so the other $400k comes from other investors.My husband invested in a note with Aloha last year as a trial, and unfortunately that one went into default a few months later.

Very cool- awesome to see the ambition!