For example, the properties I manage in Gladstone don't have the same paperwork needed. my brother mentioned Raytown is now adopting this as well  he also said something about if you evict in KC you may have to pay the eviction costs of the person being evicted and Raytown could also adopt that!

If a 20 x 8.5 unit delivered is $3000 and it rents for $90 per month that is 3%, at a time when 1% is hard to find.

Use your heloc as a bank and put all the Money in the heloc, ask for credit card at 0% APR for 15 18 month I have list of them put all the money ont he heloc. 

You purchased it with a HML, and are now rate/term refinancing the $1.5m (75% of $2m) hard money loan for better terms b/c you show six months of stabilized rent, the T-12 and rent roll with the monthly breakdown shows a clear trend towards where we are at now.Your hard money loan matures at the 2-year mark, but you weren't silly enough to call me at the 1 year and 11 month mark, so my partner lenders that have great terms, but move slower, are on the table.

The rental income minus the mortgages has me in the red around $450 a month.

I'm moving to the El Paso area end of this month.

Yes, even counting the wonderful Cali appreciation.If you run the numbers at 50% down, @ 7%, PITI is $4500 per month!

While rental ROI appears to be attractive even after carrying costs, the 11% transfer tax when you sell seems like a turn off.

escrow needs to allow draw down for your mortgage payment ( which means sale went through) less maybe 2 months for vacancy, plus a generous repair allowance.

Was curious about the process and possibility of securing a rental via a hard money loan and refinancing out of it within a month.