In addition, I asked for a 15-year note with zero interest rate on the remaining balance, I'm confident he'll say "Yes."

A strong possibility is that people will travel less in the future, stay home more and invest into their own properties which will cause prices to at least be somewhat stable.

Blessed to have RJ managing the rehab and PM services, so I felt confident to keep moving forward.

I still have confidence in the market.

I agreed to the increase in interest rate because I am extremely confident that I can refinance this asset once rehab is completed, but even at 10% interest, I cash flow $200 a month.Preliminary Rehab:          The rehab for this particular project is a bit complicated.

Ideally, I'd like all my rental properties to be owned by my LLC.I'm confident I can raise the funds through a cash-out refi on my personal property to obtain my next rental property, but when it comes to a refi on the rental after rehabbing it, will that have to be another commercial loan since I want it owned by my LLC? 

At that point I was more confident in the deal and decided to get some contractors to walk through the house and give me a quote.

I have a lady who will give me up to $50,000 as needed just with a telephone call, her rates are high, but I don't mind paying the juice because I have confidence that I am able to assign my contract quickly using the Control and Roll formula and the Auction Marking.Good luck, be safe,Charles

@Pablo Flores I have very occasionally used Cozy for domestic travelers and TransferWise for international travelers but you are right that Cozy is not set up for short term rentals.

I have family that lives up in western Illinois, so it maybe makes sense to invest in a SFR as we travel through STL fairly often.