If you use a hard money loan for acquisition and to pay for the renovations, you'll have to consider carrying costs while the title seasons and bear in mind that you will have a hard time getting a DSCR loan for long term at that value so conventional or a credit union that will hold the loan in their portfolio will be your best bet for long term financing.

Obviously you can't actually have a property's shape that is three sides that don't connect, so one or all of those lines needs adjusting in either the bearing or distance or both so that the lines connect. 

The 3rd lien-holder is ok to move the lien and collateral to a new rental property, but only if1) Proceeds will be held in an interest-bearing account pledge as collateral to the loan and/or2) Proceeds can be used to pay principal down on your loan.3) Proceeds can be used to purchase another property similar in nature that is the same or greater than the amount of equity in the existing property— (new property will replace existing as collateral on your loan).I'm asking them for clarification for case 3 to see if it would be acceptable for the QI to hold those proceeds.

When a tree flowers without leaves, pollination is much easier.Deciduous trees generally grow best in nutrient-rich soil.

Hey Ethan, I just wrapped up a STR in Big Bear with an investment loan (10% down).

Further, the loan should be full recourse, so the borrower bears responsibility for any loss.   

I cannot bear the financial responsibility for her decision making.

I also want to open up the wall between the kitchen and living room which is a load bearing wall and is my largest concern for permits and time for the job.The back house is a similiar issue but is a 1 bed 1 bath with an extra room (no closet so not considered a room).

I tend to start with the specific and go wider if it bears fruit (Udemy first, then Udacity).

I am in real estate full-time if that has a bearing.