@Keith Jourdan If you have a balloon due in 3 years, safe to assume that you'll refi prior to?

If the neighborhood does explode in value and trendiness, then your next upgrade is going to be exotic granite that looks great in photos, because one exit strategy is to sell it to an investor that lives fifteen states over as a safe-bet turnkey and plow the money back into the next up-and-coming Cleveland neighborhood. 

Remember, when you are providing a home for someone else to live in, it takes a great deal of responsiblity to ensure that they have a safe, secure and warm place to live 24/7.

Temples CHARGED interest for safe-guarding, they didn't pay interest for it - they loaned it just like Banks do, but I assure you the "qualification process" was a bit more stringent than even today.

But if you and your wife have the opportunity to create a safe, sound and F/C home for the part of your life when you are raising children (it's so short, trust me)...DO IT.Full disclosure: Parenting has been my best gig to date.

It also has to be liquid and safe (can't lose value).

Seems safe enough. c. run a tight ship with you contractors.

He stands to make around $350k to $400k profit after commissions and fees.With cash: he will have to come out of pocket : $1 million With construction loan: he will need $50k plus about $50k in fees and holding costs: $100k total ($150k to be safe) WOuld you do this deal? 

If so, make sure it's an area you would feel comfortable (safe) in.

I know I provided clean safe affordable housing to families in great need.