They are usually paid 1/2 - 1 months rent to do this for you.  

We have one in Marathon too..calls the cops if someone sneezes too loud.Feel like the vacation rental market is generally a bit under appreciated by investors and a huge opportunity for those willing to put in the extra effort.  

As the buyer does not hold title, eviction is the remedy which is usually faster and cheaper than foreclosure.This is a very general overview and not legal advice.  

Hard money lenders will charge interest rates 10%+ with points and usually will not extend terms past 12 months.  

If you are using hard money you need to budget for the points and fees as well as traditional third party closing fees.Repairs: The money it is going to take you to rehab the property plus an extra 10% of estimated repair costs to account for unexpected repairs.Holdings Costs: Here is where a lot of investors get tripped up.

Might be a way to earn some extra dollars and get some RE experience.

I have the experience in remodels and have wanted to see if there was a way to make extra money in flipping homes.

I usually put a rendering and then pics from recent builds for finishes disclosing that in MLS the images are from a "similar" home. 

I thought that these houses couldn't be sold easily.What makes me feel fishy is that  these houses were sold very quickly and usually within 1 week(I normally saw a sign which said "Pending").

At 80% LTV, this would give me a loan of $68k, enough to pay back the Home Equity Loan and essentially acquiring the property with only $2000 (Plus holding costs of Home Equiity Loan + extra interest to money partner). 85% LTV would be really nice as it would give me more wiggle room with extra unforeseen expenses/costs and perhaps need no money out of pocket.