Here is how most work:•Rates: 9% to 13% (Most Deals are 11-12%)Terms: up to 36 Months (Most Deals are 6-12 months)Fees: 2-4 points(%) of loan amount paid at closing (Most Deals are 3 points(%))Minimum Loan Amount: $50,000 (For loans less than $250,000 $2,500 minimum fee)Max Loan: 65%-70% of After Repair Value(ARV) 100% Rehab Financing Available (Require 20% of purchase price down payment or cross-collateral)Closing Timeframe: 48 Hours - 3 Weeks (Most Deals are 2 Weeks)NO PRIMARY RESIDENCES, NON-OWNER OCCUPIED ONLY, BUSINESS AND COMMERCIAL USE ONLY.

I’m budgeting about $1,500 per room, so $8,000-$8,500 to include the LR, DR, kitchen, and outdoor space.

I'd be careful about refinancing, as it costs thousands of dollars in closing costs (lender fees, title fees, recording fees, etc.).

MLS data - average days on market, median cash flow, median rent, median price per sq. foot

I have never seen the bids stop in the middle.Typically the reserve is set for the amount of money due and all other fees incurred.

@Evan KreppsWe do 20 Flips/BRRRRs per year in Jacksonville FL and we use a hybrid approach.

With 5% down that’s about $35K not including closing costs and fees.

You should be able to express your goal in one minute and then expand if questions are asked.

With a second cause you sue for delinquent rent, late fees, damage, et al.You can file a first cause alone, a second cause alone, or a combined first and second.My question:  If you plan on filing a second cause (i.e. the deadbeat renter is gone and you have possession), how do you find out where he is to serve him the court summons? 

FULL disclosure this next rental will not profit me much because of the high-interest rates but I want to keep it long term even If i am breaking even per month.