Those buys look to have reasonable safety margins, just in case the appraisals fall a bit short, or the allowable LTV falls to 70% instead of 75%.

(Remember there is a 2 year homestead period for TX and the borrower can come back within that period to claim his property).

Obviously i can fly in periodically for due diligence  etc  but do you guys/girls think it is a bad idea? 

Obviously securing my Real Estate license doesn't help me in the short term, but something I would certainly consider in the long term.

Hopefully they get them out of that unit for you here shortly, or you are going to have to speak with your agent and a lawyer about remedies and solutions. 

Just to give some back story on the property, I purchased my first owner occupied 1br/1b condo in north Seattle for a short sale at 103k at the beginning of 2013.

That would be no money out of pocket and cover the 2 months or so (seasoning period) of home equity loan payments plus a little reserves.

It's my understanding that hard money lenders aren't necessarily the formal businesses you might find online, but simply any person/entity willing to provide a short term loan, collateralized by property, and willing to take (mostly) interest only payments and defer full / majority repayment of the principal upon the term end.

Immediately with a signed lease it what the seasoning period of 1 day is referring to...so it depends on the lender.

My first fix and flip will close in 60-90 days (short sale) in Howard county.