Renting it out long-term gives us a $3500to 4000 monthly, we could  rent out one bedroom to a nurse and the other to our daughter but still would be a negative.

Commercial project development takes a long time, if there is additional cash that is not urgently needed its a safe bet.

So first thing I call them short term rentals.

Check out this reply when I asked him how long he spent closing his own loan.

Ok, so kitchen and bathroom updates.Would you be willing to explain the 70% rule in layman's terms? 

Hi Evan from Sayville, NY-You asked about whether a lender would pay real estate commissions and closing costs with a short sale.I negotiated a lot of short sales after the Great Financial Crisis.Short sales are similar to dealing with a bank owned property accept the bank is trying to avoid taking it back so the terms, specifically an acceptable purchase price, have to be negotiated.The thing I found that was important to negotiate was the lender agreeing to settle without further recourse for the seller.

You will never get that back in terms of additional cash flow

Old post, but in the short-term the world changed with the recent passing of HR 5376.

.- Institutional Capital & Private Equity: By moving from hard money to institutional financing, you can secure larger credit lines with better terms.

Price fair, don't get greedy, play the long game.