Once you close on your construction loan this pays off the land loan and you pay interest only on your draw amounts until you finish the build, then it rolls into a 30 year fully amortized loan. 

She would like to combine these and roll it over into something self-directed so that it can be invested in RE.

I’d also add a one-pager for ‘security deposit disposition’ which says 1/2 of the $xx deposit will roll over into the wife’s new lease and 1/2 will be returned to xxx at address.Once you have the signed docs and the whole deposit from the wife, return the deposit to the husband and you’re set.

This type of s**t needs to roll off your back like water off a duck if not you will be taking issue home with you, that should never happen aside from laughing about dumb things tenants say and do.

You can also consider an investment renovation loan next time, FannieMae HomeStyle, 85% LtV, you can also roll the mortgage payments during the reno into the loan.

@Russell Brazil we are going to roll out a fix for this next week.

This will allow you enough money in your rehab to get your Airbnb rolling without you having to come out of pocket after the delayed financing has come through.

I've been looking at options like different interest rates, 15 year amortization, 5 year balloon payment, and 1 year of interest only so we can get the cash roll built up a little better year 1.

Use what's been rolling for centuries boss. 

You won't be able to avoid paying capital gains taxes.You have to roll the profits directly into a new investment property, through a qualified 1031 intermediary, to avoid the CG taxes.