It also means planning for potential increases in debt service, depending on the type of loan that you have.

I have been considering a DSCR loan on the Townhome to get some of our cash out of it. 

Not a lot of foreclosure activity because of all the equity gains, but that may change in the coming years with the loans on the mortgages written in the last 1-2 years being much higher (aka normal compared to pre-COVID).

Loan consultants also needed.

Buyer pays closing costs & loan doc fees: $3,800 approx.Total Entry Fee: $23,800 to close -- or 9% of the purchase price!

All 3 of our names are currently on the title and the agreement was, once the loan is paid in full to his father, he would be removed from the title.Now my friend is going through a bankruptcy so we want to remove him completely from the land.

Make sure your financial modeling is SUPER conservative with a lot of stress tests.

Here in CO there's an additional license required if you're soliciting money from individuals then loan it to others or even just brokering the loans.

It depends if you have a lien on title already (a mortgage or hard money loan), but I would either do this as a hard money refinance or a DSCR cash-out refinance to pay for the reno. 

You need to think about what your plan is for health insurance because a bad turn can wreck you financially.