@Jerome HawkinsWell you either reduce your profits or you refi and turn it into a rental, wait to sell.

I sold my home of 17 years and used the profits to buy a home, VA Financing, and put 20% down on another home that is renting for 147% more than the mortgage. 

If they pay by credit card there is a larger fee because we have the CC fees on our end. 

https://www.wesellrestaurants.com/radio_library.ph...90% of business failure is because of undercapitalization before good profitability can be achieved.   

Will that erase your profit?

I thank you in advance for the expert advice and information and for the time taken to share.Best of profits and success!

They get so focused on buying the deal and never think about the business model of how to run the property as a profitable business along with all the laws and regulations and knowing all the rights afforded to your tenants.

HML - 90% downpayment, 13.75% 6 month payback period, interest only Personal loan - 13.875% no money down, paying interest and principal.On a 30k rehab loan with 7 year term, I'd pay $555/mo ($355 in principal pay down and $200 in interest). 30k increase in my HML would result in $343 increase in monthly payment So the choice is: Pay down personal loan, lose more money out of pocket till refinance, smaller DP on HML VS lose less money, larger DP, and having to pay full amount later. 

@Tony @Tony F.A TIC (tenancy in common) is where you own a fractional percentage of the property and share in the profits and losses in accordance with your ownership %.  

If you do month-to-month it will definitely take too much time to turn them over and you will lose all of your profits upon turning too many times throughout the year.