That’s the beauty of private lending sometimes.

Also, if anyone has experience with the type of common terms for a 6 month loan, it would be greatly appreciated.Thank you for your time.Phil The nature of the project and deal specifics will often have a huge impact on the rate.

I put $64K into it, new roof, upgraded to 200 amp electrical, rewired 100%, all new plumbing, beautiful original hardwood floors sanded and polyurethaned, tile in bathroom and laundry room.

Beautiful, congrats!!

Given the tricky nature of this market finding/buying/creating base hits is more important. 

West Coast of FL is also very beautiful!

It goes back to an underlining rule of human nature that has lasted much longer than we have been alive.… The “have Nots” want what the “Have’s” have.So if it comes down to a popular vote then if more of the popular opinion have nothing they will vote to take what the “Have’s” have.

I do this for every rehab, and for me, it's a personal walk-through of the house that I do myself, not a checklist for someone else (and I'm normally big on checklists and delegating, but not for this super-critical task)...In fact, this is one of the few things that I don't trust to my contractors, my project managers or even my wife to do...you only get one chance to impress a buyer, an inspector and an appraiser, and if there are punchlist items that aren't fixed, you can easily blow a sale or take a hit on price.Basically, I step into every room, look at every wall, carpet and ceiling, open and close every door and window, test every appliance, test every electrical fixture (I even use an electrical tester on all the outlets), test every plumbing fixture, test the HVAC, etc.At first, I would walk around with an inspector checklist...but it's all second nature.

@Cory LaChanceLake Jackson is a beautiful area!

The remaining amount will be the actual rent allowance that the landlord will receive.For example 2932 Sussex:Zip code 60428 is range PRent for Range P for a 3-bed voucher is $2040Assume the tenant pays all utilities (here I used natural gas heat, natural gas cooking, electric, electric charge, natural gas charge, water heating, water, sewer, trash, range/microwave, refrigerator), all those for a 3BD equals $308 $2040 - Base Rent Amount for 3BD voucher-$ 308 - Utility Allowance for 3BD voucher (subtracted from base rent)____________________________________________________________$1732 - remaining rent allowance payable to landlordSo just remember, you'll have to subtract a significant amount from your rental income if tenant is responsible for the utilities.