Hi James,Yes, there are still hard money lenders that offer gap loans with straightforward underwriting and competitive origination fees, but they are becoming harder to find.

I put a lot of time and effort into finding a new tenant, and there is no gap between the two tenants.Can I still charge the penalty of two months' rent as stated in the lease?

If privacy is an issue, find a low-maintenance privacy fence, and even those are a pain because somehow tenants constantly break the latches and hinges on the gates.

Hello Misael, I would do a thorough market research to verify that you can get the rent increase you want, you might find out that the market is oversaturated with rentals.If you are trying to raise the rent $100/mo, 1 month of vacancy ruins your rent increase for the whole year.I would list the property for lease 45 days before your tenant's lease expires, if you have your property priced right you should get some applicants before your lady moves out.

Real Estate Development is ALL about successful partnerships and we'll give you the ins and outs of how to find the right ones for you!

Couldn’t find anything covering this topic.

If nothing else I suggest you find someone who primarily focuses on management and DOES NOT have a brokerage as well.

Call the utility companies and find out if she's still there. 

Even then should be able to find lower rate IO.I would check with another lender on this one, check into buying down the prepay as well.

To read more about this project, click How did you find this deal and how did you negotiate it?