Do you have a price range (or down payment target) and are you ok with some rehab or do you prefer turn key?

They are short term loans, usually 6-12 months, high rate, interest only payments. 

Looks like Paramount is under Federal investigation for having failed to make agreed payments. 

Meaning if the borrower stops making their payments the investor can lose all of their investment.

All told, cash flow will be a function of your down payment and your management of the property.FL tourism continues to flourish. 

Financing contingency is there if you can't get the loan at the amount you thought, interest rate is raised or your payment changed higher than you put in the loan could give you an out.

I've been thinking a lot about Florida and I believe it's a great state for future potential investments such as purchasing and renting out (utilizing the BRRRR Method Of Course).

The payment on the refi would be about 40% of renting a place while looking for the next property.Thanks for listening. 

The two existing LTR units (on my family’s property) were built 5–8 years ago at a cost of about $80,000 per unit, so I’m estimating a 20% increase in costs for the new builds.My plan is to use the equity in the land as the down payment for the construction loan, which I expect will make closing costs the primary upfront expense.

What would stop him from just not coming back to finish once he gets the last payment from you?