The time varies so 5 years is just the title of the book.

@Jeneé MurphyIf you are considering hard money then refi in 6 months it must be an amazing deal to pay that high of an interest rate plus fees..Cap Rates vary by location and are usually considered on properties with over I would say 10 units..

As far as the actual logistics of it, a small loan like this can be as simple as a couple of pages, though the content of them may vary a bit from state to state.

You're already ahead of the game!

Our PM varies the prices based on desirability. 

If you want to play the appreciation game, NYC is better bet than Austin. 

Hello- I am new to the real estate game and I have been practicing with analyzing deals using the rental property calculator here on Bigger Pockets.

Hello- I am new to the real estate game and I have been practicing with analyzing deals using the rental property calculator here on Bigger Pockets.

It seems my appraisal value could vary drastically depending on how it is classified?

,I'd like to start off by saying I am very impressed at the varying levels of expertise represented on this site and that I only wished I would have learned of all of these opportunities earlier.A little background on myself, I 32 years old, a Texas Native (Houston Area) and for most of my adult life I have been employed (comfortably) in the oil and gas industry.