Sometimes the client will say they want to flip the property but half way through the project, the client will want to make it a rental. 

For example, if I only held the loan for six months, I would only pay half of the total annual interest that was due.Additionally, the investor was always in the first lien position, with a mortgage recorded with the county at closing.

It’s currently half that or less.

Half of Squares revenue is coming from BTC transaction fees - they also recently bought $50m worth.

half of my deals we get paid off by a refinance IE they are BRRRRs  I have been doing acquisition and rehab loans for BRRRs starting in 2002 in Detroit.. done thousands of them for clients all over the US.

For most multifamily, I'm seeing on 30 year amortization to boot.Reminder for the lurkers that this has nothing to do with single family homes, 1-4 unit residential all gets residential mortgage financing, which isn't presently as good as commercial.Odd world where the 8-unit property has a payment that is less than twice as much as the fourplex, even though it pulls in twice the rents, and has less than twice the maintenance expense (the price of the fourplex is likely to be more than half the price of the 8-unit, and more than 1/5th the price of OP's 20-unit, holding constant location etc, but that's another rant for another day).

Appliances and fixtures were old and tired.Basically, the core bones of the property were good, but there were a lot of things that seemed ripe for easy improvement.The location was great, right next to the town’s primary commercial district, with a grocery store 100 yards away, coffee shop/bakery, Post Office, drugstore, hardware store, hair and nail salons, barber shop, dentist, bank, a half dozen restaurants, and a variety of other shops and services.

Sometimes, the address describes a house, but the auctioned parcel is for basically half of the address which is split into two separate lots (one with a house and the other without one). 

A compromise would be to put half the properties in one LLC and the others in another LLC.

Once I add VRBO then theoretically roughly half of my bookings are going to come from VRBO.