I have a property that is dadu ready I have a heloc for 227,000 I want to build a dadu with the heloc money but I'm sure the cost is more than my heloc how do I get the rest of the money to finish the build so I could refi after to pay the heloc back could I get a construction loan for 100,000 to help finish the dadu?

So 560k loan  700- 140 = 560  X  15% =  79k in holding costs for one year.. so poof there goes your equity..

My $10k example was admittedly unrealistic.However, by way of further background, @Dustin Heiner wrote an excellent article on this topic on his website masterpassiveincome.com titled "What to Do When A Buyer Backs Out From An Assignment Of Contract".In it he suggests a scenario where the assignee decides not to proceed, perhaps after discovering a big ticket repair item that would cost significantly more than the portion of the assignment fee held in escrow. 

No DSCR loan under LLC or business entity should show on credit report if done correctly.

Aside from the cash-refinance cost itself)3) Does this mean the new mortgage (30-year conventional for the apartments) be based on the $1.8M with new interest rate (at the time), etc.?

And some of these loans are for 30 years – that’s longer than most businesses and longer than most marriages!

Build mobile home on the vacant lot I understand the cost involved for rehab the existing house.  

So how much was the "business-in-a-box"? 

@Terri-Leigh H.can you breakdown what your costs are to furnish each bed and additional furniture, furnishings cost are for a 5 bed property. 35k seems high compared to what we have encountered.

In general it's a passive way to own real estate as the tenant takes care of the headaches and cost of repairs in most situations.