The down payments for these loans are pretty minimal as long as it appraises.  

It should be convenient and has a minimal distractions.  

While most owners do not have the means to drag out the fight for this long, I've handle a few cases where the delay last over a year. 

@Mark Allen and @Mackal Smith thank you for taking the time to reply, I appreciate your insight.I agree with both of you, I think underwriting the deal using IO only isn't the way to go, as should anything change in the market and I'm not able to get the rent bumps I thought I could, when the IO finishes id be in a lot of trouble.Sorry for the delay in replying.Barri 

But as most people have stated in this forum, it's better to get a bad tenant out quickly and cut your losses than to delay it.  

Most were on Patch of Land and a few on Fund That Flip A lot had extensions etc. and some delays, but they all paid and I averaged about 11.56% over the past 3 years.Hybrids InvestmentsThese deals that have an "interest" payment a kicker at projects completion - I have 10 of these go full cycle and 80% of them missed projections (all IRR's ).

I do not see myself flipping houses, I have a full-time job, which can possibly convert into a 1099 consulting arrangement.Of course, I would like to minimize taxes.

The barrier to entry is minimal with my 3.5% down.

Thanks Jennifer sorry for the delay in my response.  

You're wanting to minimize the showings?