Whichever strategy that you choose, run your numbers, and definitely consider all the other benefits of owning real estate i.e. appreciation, loan pay-down, potential housing expense decrease and/or cash flow. 

We're told it wasn't installed correctely. 

The refinance will get our down payment back, along with the current mortgage and renovation loan paid off.

For example, let's say I am filing for 2023: 2022 -2023: Installment 1: $5,200 Paid Nov 2022Installment 2: $5,200 Paid April 20232023-2024Installment 1: $5,500 Paid Nov 2023Installment 2: $5,500 Paid April 2024Are you guys using $5200 + $5500 or $5500 + $5500? 

are you planning on keeping the private money loan for the long haul or are you going to refinance once rehabbed/rented?

Im looking at 7% however I think a better safe guard for me to have enough skin in the game is to move the sales price higher just in case he decides to pay off the loan earlier.

-Install a New Mailbox: Replace your old, worn-out mailbox with a new, stylish one that matches your home's aesthetic.

@Beth Anderson, You can use a FHA 203k loan to wrap renovations into the loan.

Contract for Deed | Texas Law HelpReason I ask is a contract for deed is a type of seller financing that the owner maintains title to the property until the loan is paid off.

I am looking for an alternative financing solution to have a pool installed in an investment property.