These short-term loans can provide interim financing until you lock in permanent financing.

With rates expected to be cut next month I would suggest a 3-6month CD to lock in the higher rate as long as you know you don’t need the money early.  

I am curious how long did the renovation take and how long was it on the market for? 

We currently own 2 long-term rental properties and are looking to add more.

If that's the case, most people would be better off putting your down payment into a CD paying 5.5% interest.But if you have a long term horizon, use leverage appropriately, get personal use out of it, and actually enjoy the business part of it, it's a great asset to buy.

If you're adding a lot of value to them that really doesn't make sense for Section 8 in my mind.To be honest, it sounds like you have a large reposition on your hands and will be a difficult and long process unfortunately.

Some investors find that their financing falls through mid-project, or they didn’t budget for unexpected costs.Tip: Always have your financing lined up and know the loan terms inside and out.

Here are standard terms as of today:2 points10.49% - 12% rates75% - 90% LTC100% rehab included up to 75% of ARV

We are hoping to learn about flipping homes, and doing much more multi-family long-term investing!

As long as the amount of segregated 1245 property in the replacement property is fundamentally equivalent in amount and nature to that of the relinquished property.