You could lose the investment property AND your primary residence that you borrowed against.Wise investors make every deal stand on its own merit.

I'd be a little concerned about forcing tenants to stand on ladders to clean gutters...but that's just me.Gail

But I'd try to speak with another lender or two to see where they stand on time frames.

I’ve looked online but I haven’t really read about why are good setups for rooms(bed size, night stands, dressers, mirrors???)

I stand by mine, but I also understand there are differing steps to get to this point and having a F&C home is nice(doesn't HAVE to be where you live!)

From where I'm standing now these deals would require nowhere near the rehab as the one I completed.In the end you are probably right in that I shouldn't put myself in the situation of not being able to complete a rehab.

It goes along way from tenants stand point.regards,Chris

@Chinmay J.What does TK stand for?

This will dictate how much leg you have to stand on to withhold payment IMO.

He stands to make around $350k to $400k profit after commissions and fees.With cash: he will have to come out of pocket : $1 million With construction loan: he will need $50k plus about $50k in fees and holding costs: $100k total ($150k to be safe) WOuld you do this deal?