Repairs are simply a natural part of owning ANY real estate, and if you are cash flow positive, the costs simply come out of your reserves from the cash flow.

It's usually a combination of the two.I'd be curious to hear how far below market they were and how much money you lost.For those looking to run like a business and build wealth, turnover is a natural, healthy indication you're doing things right.

It's a fantastic product but I think their personal loans are "by invitation", so sometimes it's available, sometimes it's not.After rehab I plan to rent out the property then cash-out refinance and pay off the seller.

Given that, you're a bit more used to some variability in the loan product.

90% of Rhode Islands electricity generation is fueled by natural gas....'

I also have a love for travelling, nature, home decor, and food and the idea of managing an airbnb-type income property is actually something that interests me. 

We then setup a NNN lease, wherein he leased the property to our LLC (of which, we're all members) -- Due to the nature of the NNN Lease, all expenses, including the mortgage, were paid via the LLC. 

I have a pretty advanced understanding of a wide array of investment products as I was a financial advisor for a few years before my current job.

Some private lenders (like Civic mentioned above) may have portfolio products up to 80% LTV, but those terms are far less favorable than conventional loans. 

I've also thought about marketing products that would generate repeat purchases based on what local businesses offer, and directing the guests to my property's site to purchase while negotiating some sort of deal with businesses that would make sense for a break on cost so I pocket a margin on the sales.