Since most rehab funds are non-Dutch, meaning you don't pay interest unless used, it acts as a safety net for hidden issues or new opportunities.

Then once you close on the house take out a standard 30 year mortgage to pay off the hard money loan?

While the market is stalling a little my wife and I are considering the "Shred Method" to pay off some of these properties faster.

You do have to pay a fee for this, but if you have any questions on how to do it, feel free to reach out! 

On Oahu the bottom line of buying in this type of zone is that you will pay higher property taxes and fees, but you have a lot more confidence that you'll be able to continue to operate your property as an STR for years to come.

If it is affordable just pay to have it fixed and keep the tenant happy.

The current plumbing stack iis not connected to the man line.

On May 30th we also presented them with a written lease, which they refused to sign.The tenant informed us verbally and through text message that they would pay the rent increase but would be moving at the end of August to low-income housing.

My goal is to pay off bills from the construction, remove my co-singer, and purchase another property out of NYC. - The loan is an FHA at 3.25% Please help before I do something stupid!!! 

Record high prices to buy a property and record high STR inventory coming on line seems to me like a very challenging situation to make the numbers work on a go forward basis… Anyone have advice?