The first house is coming up on a year and the second has only been about 6 months though.

Just to debt service the condo you have to hit $3,380.00 a month which in some locations is tough.

Time is money in rentals and every month is a loss.

I know EXACTLY where and how my numbers work and if I take longer than expected on construction and the sell (dispo- Sale)Let me ask you a question, if I loaned you 100k at 20% interest and you had no money out of pocket cause you used a gap lender at 9 %, and you still made $15k in 3-4 months OR MORE (I shoot for 15% profit), would you use the hard money loan to gain experience, knowledge and then leverage into better Interest rates the more you do?

I would like to come but we host our own real estate meet up on the second and fourth thursday every month in Colorado Springs.

Weekday: MondaysDay of Month: end of month dealing with MoveOuts.

But because two investors own the majority of the units in this complex, they keep the condo fees at $150/month (about half the area average).

I just heard someone trying to explain this last month. 

We would like to not have to put in more than $1200 per month out of our pocket.

Fantastic, We are currently house hacking it. with both other units it covers the mortgage and we get about $200 profit a month.