My plan was to cover up the hot tub permanently.

You know you are in a real estate puddle when you can buy a property and earn 15% when using the 50% rule.During a real estate puddle, it is easy to find properties that beat the 2% rule.A real estate puddle, as opposed to permanent flooding, is represented by a competitive local market, where there is a stable population. ie.

The comments on Park Models is interesting as there seems to be a real growth in using them in MH communities as permanent residences.

But, to start off, my marketing would NEVER imply that I am moving into their house.It is clear that we are a real estate company that specializes in lease purchasing and we work with our clients to help them obtain permanent financing within 12 months..blah blah blah.

Would then be a permanent rental situation.Good luck.

Unfortunately, I don't think that the refi would help pull money out permanently, based on my phone conversation with @Bill Exeter I'll let him comment.

When you get here permanently, there are other REIAs in that area

Nothing else matters you can always change management and repair damage but you can't change the location.Unlike a lot of cities Memphis has many areas where values are falling or permanently stagnant so you have to be careful where you buy!!

Once the homes are fixed up and ready to be rented I get a permanent loan and replenish the line of credit until the next deal.

The house is on a permanent foundation with brick around the underpinning.