This deal showcased our effective renovation strategy and commitment to delivering profitable outcomes.

Great house in a great neighborhood, so as long as the tenants keep it up, we're friendly with the rates. 

For example, I know that Lima One will waive a property's seasoning period if you use them for both the initial hard money loan and the longer-term DSCR loan.

Don't reduce rent for longer terms.

We are both physicians in Charlotte, NC and work long hours. 

As is price point.. this will give you a better long term outcome.if you buy way under median your getting into renter dominated neighborhoods and schools for sure will be bottom ranked.. instead of going East have you considered Vegas.. lowest prop tax's basically in the country. no big weather issues  desert landscape super simple to take care of.. and Stucco homes with tile roofs no big thunder and wind storms to ruin roofs etc etc.. you can buy nice rental house there is a solid B location for about 300k. just worth checking out if you never have..

This deal showcased our effective renovation strategy and commitment to delivering profitable outcomes.

Holding Period: Short-term vs. long-term holding affects tax treatment.What challenges have you faced with taxes when flipping properties?

But using a HELOC is a risk because a) the liability is against your primary residence and b) current interest rates on HELOCs, which typically adjust after the initial term, are anywhere from 8-12%.

There's nothing preventing the former owner from qualifying as the prospective owner-occupant as long as they meet the strict guidelines for being a prospective owner-occupant as set forth in Civil Code 2924m(a)(1).