This sounds like your situation, Brody.It may be easier and more convenient to find one lender that provides both the purchase and rehab funds but don’t feel that your hands are tied.

Consider remote monitoring tools (like security cameras), and budget an extra 10-15% for surprises.

A property qualifies as Homestead for this exemption if an eligible owner files a Principal Residence Exemption (PRE): https://www.michigan.gov/taxes/0,4676,7-238-43535_43539-210891--,00.html#:~:text=Section%20211.7cc%20and%20211.7,purposes%20up%20to%2018%20mills.Many investors have gotten an ugly surprise when they bought a property that was a primary residence of the seller for the last 20 years.

The seller will have reduced debt capacity because the existing note is still calculated as a debt - they MAY be able to include an offset equal to the buyer payments after a period of time, BUT often the seller is surprised to find they can not qualify to purchase another property3.

It is legal as long as you use a convenience check from card #2 for the amount owed on card #1 into your bank account and then write the check from your bank account to pay off card#1.

I'm actually surprised you managed to get a 9% ROI but I guess that's thanks to you being a good operator and getting 95% occupancy as a result.

All these wholesalers and BRRR-finders are desperately looking to find something, and they're mark-ups are all very convenient and missing a lot of detail. 

Ready and motivated to get on it and grow now all over the USA and internationally if possible and convenient.

A couple of months ago we stayed at a cabin just outside of Hot Springs that was surprisingly nice and within driving distance of the town (we were only passing through).Personally of these three, Broken Bow would rank last but that's only based on a feeling.  

It is close to SJC but I see more of the STR demand gets drawn to the Santa Clara and nearby neighborhoods - simply because of the convenience.