Due to these circumstances, I am now investigating the possibility of using a hard money loan and was wondering if anyone had any experience with this in the Cheyenne area.

@Ross Stuart your best bet is to use FNMA type loan for 2nd home, which is usually only 10% down.STR's are under a lot of pressure and new regulations in Traverse City area, so investigate before you buy.

This a great place to learn and further investigate investing in real estate.

I will investigate this next week when the new washer is being installed.I have always been responsive, taking action promptly after every complaint.

You can also investigate other markets, if your current target market does not meet your criteria. 

Like most wholesale scenarios, you would have "and/or assignee" after your buyer name on the contract and try to get a two week option/inspection/due diligence/feasiblity period so you can do you investigation on the property and determine if it works for you as far as utility availability, engineering, architecture, talking to the necessary depts at the city (i.e.

These are preliminary copies of the HUD-1 (settlement statement) for the transaction.

You want to investigate where it is coming from.

You now have what you need to do some guesstimating on whether the location is worth further investigation.

Get a real quote from a contractor and a home inspection during the investigation contingency period so you know how much work you are looking at. 4.