Work needs to begin as soon as I close on March 2nd.

You may have 112K in equity, but you should also account for closing costs when you sell the property.

I'd be fine with it as long as they are paying close to the STR rates.Cuts down on your work for that time frame.

@Brock Mogensen, starting close to home in the greater Sacramento, CA area sounds like a solid plan for me.

If the downpayment + closing cost is free, and you are doing a triple net lease to keep any repairs on the tenant in the next ten years, it may be worth the trouble.

My team and I are about to close on our first RALF in the NOLA area.

I'm desperately searching for a financing option for my spec homes that will give me better terms than the 10-12% interest plus $10k closing costs that my current HML is giving me.I tried doing buyer-financed, but they haven't been selling very well (although I really haven't waited long, I'm just impatient).

You could essentially find a home with low equity, pay for the closing costs and take-over a 2%-5% loan, saving you hundreds of dollars every month!

Now that being said, most companies/attorneys dont do a double closing in NJ because each party needs to bring their own money.

You’re going to pay 10T in closing costs to sell.