Purchase price: $142,000 Cash invested: $92,000Cash to Close: $35,000Renovations: $57,000ARV: $210,00070% LTV: $147,000Owed to HML: $145,000 ($115,000 + $30,000 construction draw)Rent: $800/moFree Cashflow: $250/unit ($1,000/mo)What made you interested in investing in this type of deal?

I'll drop a pin, saving the data, go home and look it all up on the county website and go from there.

Seasonality is going to play a factor since Myrtle Beach area draws tourism March-October, November December little to nothing and Jan-Feb pretty much nothing.

If you have a contractor that can start immediately make sure you have a contract that includes time frames, draw schedule and penalties for not meeting time frame/dead lines.

My hope is that this is just a misunderstanding/accounting snafu and we can all move forward but feel like I need to draw the line somewhere. 

And no draws based on percentage of work complete.  

Or use a private money lender-  a private lender can draw up a note and lend you the money for a certain amount of interest.   

That said, I’m struggling to really identify a niche in this because I have also wanted to pin down on SFH.

They seem a little less noisy and safer and draw a little better crowd.I would try to get away from I35. 

I recently had foundation work done on my personal residence, for which the contractor did not complete the project per the contract drawings.