The beauty of your approach is that it is scalable, you can pull your downpayment money back out after your rehab is complete by refinancing.

While others see flaws and deficiencies in you, she sees a unique individual, beautifully and perfectly designed by God.

For my 2nd dilemma, it has a beautiful real stone fireplace BUT it looks like it's stuck in the 80's (when the house was built).  

Additionally, our team is very small, and very busy, (5 person firm) so they don't necessarily hold my hand on a day to day basis but are as available as they can be.My hope is to gain some insight/knowledge from you all who've either done this before or can point me in the right direction.My goal is to come out of this deal in 1.5-2.5 years with a beautifully done 1st project that will jump start my personal track record.

Houses in the area are selling for as high as the low $300's and this house, with work, will be beautiful and go with the change in the neighborhood.

The beauty of this loan is that you are all in to the prop for only 15% of the total borrowed value.

A property in disrepair in a crappy part of town is going to have a higher cap rate (I'd need more income per dollar of purchase price) than a beautiful office park in a really nice part of town (I'll take less income, for more potential).Therefore, you have two ways to seek appreciation in commercial properties:1) Increase the income of the property2) Purchase properties in parts of town that are likely to improve - as conditions improve and expectations for future growth increase, cap rates will fall, and prices will increase.Was this helpful?

You may or may not like it but that's the beauty of the business because if you don't like one aspect you can try another.

The beauty of this arrangement is that the cash value earns a great rate of return, grows tax free, and you can borrow against it any time you need access to the money because it belongs to you.Term is a waste of money.

Although those rent numbers may indicate this in a shady area, it really isn't, yet those numbers resemble "bad area numbers" from the times I've analyzed them.