Typically this takes anywhere from 7-10 days dependent on the circumstances. 3.)

There are some other strategies where you can collateralize equity with a portfolio loan or use a private lender, but typically these are better suited to portfolios of several properties.Charleston has a very active investor community - several meetups for different groups each month and active social media groups/pages.

Not sure what your short term rental regulations are for your area, but if HOA allows, airbnb could be a great way to acquire short-term, mid-term, or long-term roommates.  

Also, what are you main reasons for looking to STF in Rockford, not knocking the area by any means but there is so much opportunity within the city limits where you're less likely to have extended vacancies.Short term rentals have taken a beating this year, while long term rentals have seen an uptick in what they can charge due to high home prices, and inflated interest rates.

Our group doesn't want to create a huge number of vacancies, so some of the NOI is being trimmed in the short term.

I personally have closed on a handful of properties with owner carried financing and have negotiated terms for several million in private notes for clients.

But if you decide you are going to permit it, you need to have a contract drafted that protects you in case he is negligent or doesn't comply with the terms of the agreement.

While discussing terms with buyer the topic of which agent will I be using come up.

On top of that these markets have done very well in terms of appreciating in the last 5 year (See Memphis 50% increase, See Detroit 100% increase).

Total rents at 100% occupancy across the three are $2900 monthly.I'm thinking because the financing terms are soooo attractive that it may be worth the higher risk that comes with the high PITI?