Property has a lot of upside in terms of appreciation and with it needing mostly cosmetic work, we are able to BRRRR and pull out a decent amount of our initial investment (which came from private money, HELOC and personal).

As long as your long term loan has a decent rate, why would you want to pay it off early early?!?

Most times, these loans are sold on the secondary market to institutional investors like insurance companies and/or Govt agencies (Fannie Mae, Freddy Mac), so the bank issuing the loan makes the majority of their profit off the up front lending fees rather than long-term interest payments.  4.5% actually is decent to lock in what are still historically low rates! 

The site where the late record producer Phil Spector shot Lana Clarkson to death.

It's not rocket science to assume I'll be searching off market or working with local agents following my own criteria.You would be hard pressed to find a decent duplex for $100k in Indy.

Due to his entire family passing away in the span of a year, we're about to inherit a decent chunk of cash, and will have about 150K to play with.

Glad to see people are still getting decent deals!

They are also selling their current place, so will have a decent chunk of change once that closes.The high cost around closing are my biggest concern.

That being said, as long as it's in decent shape you can definitely grab it with a low-down, owner-occupied loan and give it a face lift while you're living there.

As long as your credit is decent, the purchase price is $80k or above and the rehab budget is around $10k - $15k or more, you should not have trouble finding a hard money lender.