And I did not use a MLO/LMLO who would eat 1% to 1.5% of the selling amount. 

Quote from @Frank Nguyen: Frank, this is a common tactic.

It is a great advantage to the guest and also the host to split the stay into several payments.

But this will cost you thousands and thousands in higher interest.

I hope this hleps!

Purchase price: $172,000 Cash invested: $43,000 We purchased this rehabbed home and added a privacy fence, removed overhanging trees, finished the countertops, built a firepit, security system, camera's, fixed the sidewalk and turned it into an airbnb.

bringing on someone not only fiscally but also with experience in this type of rehab is key, as you will need to write a good scope and budget for the unknowns.

Also, our system is SUPER sensitive to spam, so if you're copying and pasting the same message, the system will automatically ban you itself.You can reach out to our Support Staff by emailing [email protected] and they can look into this for you.

Some will let you rent your primary and still do a DSCR loan on the subject, however, this would come with the added scrutiny of really documenting and evidencing you have no intention of moving in to the subject.  

But this has proved false, and when running comps, this is a big deal.