As someone who's been watching this market closely, I want to share insights about what's happening in Phoenix's house flipping scene in 2025. 

The last few STR deals I closed where my client used a second home loan, they ended up putting down 20-25%, preferring to have more equity in the property versus giving away thousands in fees to the lender. 

@Kristin Vegas NARPM standards highly recommend PMCs provide copies off ALL receipts to their clients.Going to guess your PMC is a one-man operation or close to it.

You can also find various contracts online, develop your own then have an attorney review it to ensure it has teeth, and is legal in your area.7.

For a hard money loan, you have to close in an entity, it also helps with your credit being the mortgage is not under your name, with a 700+ credit we can usually get you 80% LTV on a purchase.

You get to use any methods legally allowed to create losses. 

If you want them to leave, provide them legal notice to leave.

I’ve been given the clear to close but am experiencing cold feet.

You can watch closely to see if it is something you would like to do on future properties.

For example, my client just closed a 3/2 single family house for $160k that was already rented at $1900/month and near turnkey and in a super desirable residential area.