David Greene covered the topic on one of the latest podcasts as well confirming that 6 months is a traditional answer for a lot of lenders, but isn't a hard and fast rule, therefore I need to continue to search.Your 75% comment is interesting because many of the HML websites I have been on are all marketing their products around a % of purchase price plus rehab, not starting at 75% of ARV which might (ideally will) cover the entire purchase price. 

Commercial loan since we couldn't get a traditional mortgage on a condo What was the outcome?

New windows, paint, lights, appliances, flooring and wall repairs.

New windows, paint, lights, appliances, flooring and wall repairs.

If you have a licensed agent, they have a fiduciary responsibility to you to present information in the fairest light to get the best financial results for you, both good and bad.

Are you not able to secure traditional financing?

I've been debating the merits of STR vs investing in a buy and hold/traditional rental.

Lighting can cause tons of damage you can’t see unless you have X ray vision.

In the pool lights don’t work, probably blew those one month old bulbs and can replace those.No fire or damages otherwise, fortunately.

This seems light for what that picture shows, if that is the case that is great.