This is a common question and it can be conufusing with different REI lingo (private money, hard money, etc). 

Credit Union #2: I think the only reason to really consider this one (I don't think the slightly lower points makes that much of a difference) is if the above two options both passed on the deal, a possible reason for that would be (ahem, guess why I am saying what I'm about to say...) an inexperienced management team trying to justify this refinance based on only 6 months of financials (rather than say a 1-2+ year track record of success, or experience with other facilities, etc).

But there are many different personal factors that you would want to consider, which may make it difficult to get helpful answers on here

. $9,998.00Effort is important but experience and knowing where to direct that effort makes all the difference.

What is the difference?

They're really a ton of different things you could do.

You can track materials used to fill in your JIT processes or whatever.With a vacation rental, it is always different.

That distance can make a huge difference.  

This step formalizes the transfer of rights from you to the new buyer.It's crucial to ensure that all parties are aware of and agree to the assignment process before proceeding.Closing:At the closing, the new buyer typically pays the purchase price outlined in the original purchase agreement directly to the seller.Simultaneously, the new buyer pays the assignment fee (your profit) to you, as specified in the assignment agreement.The closing may involve a title company or attorney to facilitate the transfer of ownership and ensure all legal requirements are met.

I'm a real estate investor and property management company owner in Austin.