she moves out to her new home the first week of March so has motivation to get rid of this bad boy. then again, she owes nothing on it so it's not a hugely pressing need, either. i'm thinking 5-10% down and 6% interest. i could probably afford to drop 9-10k total on the project, including repairs, which is why i wouldn't want to put any more than 10% down initially, i'll need money to get the needed repairs and upgrades handled.would love to hear your thoughts!

I was initially siding with others who mentioned to find a win-win situation.

Usually it is the case that the lease reverts to month to month after the initial term expires.

Have you considered HML for the initial acquisitions and then taking a pool of properties to a small regional bank for the long term hold financing?

Michael C Gregory Is there any follow up to your initial question?

Hey everyone,My friend and I are in the middle of forming an LLC/partnership to start a direct-mail campaign with the initial intent of flipping. 

Hello,Last month I completed the refinance step of the BRRRR strategy and cashed out all of my initial investment!  

No annual filings or fees, low initial fees, no additional taxes, charging order only, and no distinction between single member and multi-member for piercing purposes.

He could be an architect with NCARB initials as well.  

It has been my experience the tenants either stay 3 or more years or I am evicting, I have never had a tenant move out after an initial lease term.