Home Possible is 95% LTV, as compared to FHA's 97% LTV, but with the added benefits of beginning with a conventional loan (no mortgage insurance for life of the loan, as opposed to FHA), having a stronger offer, no self sufficiency equation, plus less strict standards for home condition that can kill the value-add ambitions you had with your FHA.Recently there were other changes with this program that makes it an even better product, and the only person on this whole forum who seems to be catching it is @Chris Mason who has written about it herehttps://www.biggerpockets.com/forums/517/topics/42...and herehttps://www.biggerpockets.com/forums/49/topics/609...I just wanted to point that out as you get into it because if I hadn't found this product I'm not sure if I'd even have a house hack right now.  

Hello fellow BP’sDoes anyone have any experience with Colonial Capital Management note funds?

I’m funding my first private loan this Monday.

Then apply the first funds to the repairs and give notice to quit or pay if they do not pay in full.

For the first year, save all "cash flow" in a dedicated account and ensure you keep it there for your emergency fund.

Yes, you can typically refi Rate and Term, the same amount as your current loan, right away.If you want more than your HML, then it needs seasoning or 6-12 months, assuming a 75% ltv based on a new appraisal is more than your HML.

I have fund hundreds if not thousands of deals that have been brought by OREO brokers  or brokers who choose to work distressed assets.. 

Have you considered doing a 203k so that the repair funds are wrapped into the loan? 

., they will get a pay off from your lender and disburse funds to them from the sales proceeds....you never see or receive that money.

There are some limitations compared to 'borrowing' from a SOLO401K, but it does let you put 100% (or close) of your funds to work.