Private Money, on the other hand, is very competitive with conventional and is great for long term loans.The states do not regulate loan terms in regards to the length of the loan. 

If you and your wife are open to short term debt, you might consider getting a HELOC on your home,   it makes 80% of your home equity available for cash-like investments and you only pay interest on the amount borrowed (for the length of time it is out of the account)   I think of it like a savings account that pays 0% interest while the money is in it and charges 7% on whatever amount I need to take out.   

I couldn't read your whole post due to the length,  But the 16 year should be legally capable to watch the other kids and I believe that's the Moms call.

Anticipated Rehab $125,000.Here are the specific numbers on this house:Purchase $149,900Estimated Purchase Closing Cost: $6,000Rehab cost: $125,000Selling Closing cost: $6,000Selling Commission (6%) $25,494TOTAL COST $312,394Sell for $424,900 - $312,394 = $112,506 = 36% Estimated length of time to close on sale 8 - 12 months. 

Well sorry about the length of the post guys however I hope this added info help to shed some more light on the subject for you,Thanks again all, U guys rock!!!

You can then use google maps to determine sq. footage available at each facility (count each door and multiple by ten:) to get length and width at each facility.

Then there's all the variables of the loan:  down payment, interest rate, length of loan.I never walk away without making an offer, even when I know there is no chance of acceptance.  

The positive thing is that dealing with them now at arms length is much easier than had I rented the place to them.

Regarding the length of your lease - the only tenants that bawk at short term leases are BAD tenants. 

Unless they have the same interest rate and term length.