Quote from @Jeff Chisum: If a DSCR originator (keep in mind you don’t need a mortgage license to originate) tells you the loan will not be reported on your personal credit but require you to be a personal guarantor your next request should be; “I want to see in writing it will not be reported on my personal credit”.  

I am originally from the Hazleton Area (this spelling is the actual spelling, as the founders misspelled it). 

Originally posted by @Jay Breitlow:Ethan finding a cleaning crew is PARAMOUNT.  

@Glenn N.As mentioned this makes no sense and you as the lender would never change the name of your company because of thisThe loan is still in the original entity and the loan docs should have default provisions if you used a legitimate attorney to create them

So we all donated our time and we each put in the original seed money .

You can exclude all appreciation on the original capital gains investment when you exchange or sell a property in an opportunity zone if you held it for more than 10 years.You are able to permanently exclude 10% of deferred gains from capital gains tax as long as you hold the property for at least 5 years and 15% if held for 7 years.Deferral of recognizing capital gains after the sale of a capital asset as long as the capital gains are invested in a QOF within 180 days of the property disposition.

These have been very grounding.I don't want this feed to turn into a chain of the same type of comments so I'll bring attention to what matters the most - two quotes from my original post.Thanks again all:)

Have you gotten out of the original hard money loan or still paying the double digit interest cost?

If you liked the working on houses repeat and rent out the original house (and learn if you like being a landlord).

For simplicity, I've assumed no principal paydown on the original $300,000 mortgage.After two years: $400,000 × (1 + 8%)^2 × 75% - $300,000 ≈ $49,920After three years: $400,000 × (1 + 8%)^3 × 75% - $300,000 ≈ $77,914After four years: $400,000 × (1 + 8%)^4 × 75% - $300,000 ≈ $108,147While the above example is oversimplified, the concept is valid.