We did a ton of work to the CA property, so that combined with the incredible appreciation out there in the last few years, we're sitting on a pretty remarkable paper gain.We've racked up quite a bit of debt rehabbing both the CA and NC properties.

The two properties have a combined square footage of over 4400 square feet.

Vacation rentals are the sirens of the modern time. 

You need a bit more spread anyway between purchase price and ARV - combined usually 80 to 100k, roughly half of it is rehab, half is equity.

Hard money is modern day loan sharks, unless you know how to swim with the fish dont swim with the sharks

Modern farmhouse design.

Im shopping now and getting quotes of 90% LTV, but my motivation is mainly getting a better lender with a modernized way of making payments.

The greater outcome will come in the future as other properties are acquired in the neighborhood, but in the meantime we’re going to capture a combined $500 of cash flow every month Lessons learned?

As has been said, the asbestos is a good insulator so the vinyl just adds another layer and makes the house look more modern.

If the numbers don’t work with that combination then change the parties or terms involved until they do.