Usually the interest rate is higher, and the 203k loan also requires PMI until the end of time. 

Ideally, you could find something liquid (money market) or fixed for a duration until you need it (CD, etc) with a rate approximating inflation but rates (even with talk of some incremental raises coming) still won't yield much.I think you have a good point about return.

In the JV agreement make sure there is a completion date and you still have an interest rate on the note.

I believe I have two options.Property Info:Purchase Price: $365,000Current Loan: $329,000Interest Rate: 5.7%Mortgage:$1900PMI:$130Insurance:$157Taxes: $320Current Rent Left: $1200 (Market $1400)Current Rent Right: Owner Occupy (Market $1800)1.

Most commonly, I see that clients can do a rate and term refinance after 30-days of ownership but most people wait 6 months to be eligible to do a cash-out refinance. 

We do them exclusively now in Georgia and it saves a ton of time, money, and hassle.DM me if you have a deal you want us to take a look at and I'll waive one side of the escrow fees for you.

They have switched between several companies over the last several years with about a 5% success rate. 

Nothing will ever even break even only putting down 3.5 % with 8% interest rates.

Attorney fees were estimated to be in excess of $12,000 per property.

They are fishing.The next door neighbor of one of my houses put my house as a listing and booked it to a couple from out of town for a couple of nights.The perp found out when it was available, didn't book and found a party to give them money "on the side" to "save the fees" and booked it to them without me knowing.