I had a client of mine go hard money and than he refied 6 months later out of the hard money loan.

I’m paying that balance down little by little each month though. 

Understand the fees involved and calculate the total cost for an entire year of management so you can compare the different managers.

If you have the cash and the credit and the deal scenario works (meaning the project cost is less than 75% of the ARV) then you should get 80% - 85% of the purchase, 100% rehab held in escrow, at about 2 points with like a 1500 service fee.

Further more, some back of the napkin math at an avg of $1500 per month per property is:$1500 x 12 x 5 = $90,000.

We have stared the project about a month ago, completely new interior including adding new HVAC all new electrical, flooring, cabinets, tops and so on along with new driveway exterior paint and some siding.ere are some progress pictures.News, we are closing on a house and have a duplex under con .

It is a lot to ask of friends and family to couch surf for several months-a week or two, perhaps. 

Currently yielding monthly cash flow of $1,250 ($900 after all projected vacancy & maintenance budget).

How much does it cost?

2 months ago, my client closed on a property for $120k. 2 bed 1 bath.