I think it's a pretty solid bet that prime will go up here pretty shortly.

Dawn, I'll bet too that your offer was limited to X payments and that the the transaction was with recourse, meaning that if there was a default before the buyer received thier payments, they could hand the contract back to you and demand part of the sum paid back, or you'd be liable for the rest of the payments.

Plus I can bet your HOA won't like vacationers too much.

I'm hoping to engage in a mix of turnkey buy and hold, rehab/refinance/rent and flips.

They are offering me 4.0% using a VA loan with 90% refinance over 30 years or 3.75% over 15 years

It's awesome when experienced guys join up - I bet you have a lot of knowledge that maybe you can help fill people in on about commercial real estate!

Your best bet is to list it on Craiglist and other similar classified websites and other means of advertising to your buyers.

I am currently trying to refinance some of my rental properties into 30 yr fixed notes to take advantage of the better rates terms than commercial loans.

For me, the prospect of being able to refinance and just get out the initial outlay, not even hoping for any profit, would be great as long as the property will cash flow.

The way the markets are going, in 3 years my house may be worth over 150K (already in the last 8 months of my waiting to get in this place I have seen a 15K rise)....What would all of YOU do in my situation... wait 3 or 4 or 5 years as this price-rise seems to be happening and then 'take the deal' (and then look around for other interesting ways to buy and sell whatever), or rent it out at that time, potentially at a larger than the present $1,200, refinance and move into another house, albeit a smaller one...All this would be part-time as I work in other areas of interest..Thanks for any inputRayNorth Miami