Already have a rental property that was a live in fix-up.

Does anyone have experience using hard money lenders from Connected Investor for rehab purchases? I submitted an inquiry on their site and have been inundated with call and emails from various lenders. Just wonderin...

Your P+I (for 30 yr fixed) is going to be closer to $3,000-$3,100 for a 3-unit investment purchase.

I would vacate them all (my houses) out and fix them up and then try to sell them.

Below are some things you may wish to consider, as to which Corporate Enity is best, for your Business Model as well as your REI Goals and objectives.Flipping PropertiesIf the primary objective of your real estate business, or one of your real estate businesses, is to buy, potentially fix up an existing property and resell it within one year, the Internal Revenue Service can consider that to be an active trade or business.

Rental property, fix and flip, or maybe even invest in my older property.

.% down of the purchase price and the rehab costsCan be used for primary residence with 1-4 units (could also be looked at as a disadvantage)  When using 2-4 unit property, projected income from other units can be used to qualify 6 months' worth of mortgage payments can be rolled into the renovation budget if the house is deemed uninhabitable by the HUD consultantCredit scores can go down to 600s (lender dependent) DTI can go to as high as automated underwriting system allows (typically 56.9%)Allows you to buy a property in any conditionCan use it to fix minor repairs all the way up to basically a full tear-downFHA 203k Disadvantages: Interest rates tend to be about .25-.5 higher than regular FHA loan Additional costs include HUD consultant fee, inspections, title updates, and supplemental origination fee (Cost of doing business, but this is built this into your numbers, so it's no big deal)Must use a licensed General Contractor for a full 203k or up to 3 specialized contractors on the limited 203k Must hold onto the property for 1 year and live in it. 

So if you are flipping homes, you fix, flip, payback your HELOC and do it again. 

How could I structure this where we fix it, I list it and also get a % of the profit at the end? 

I have a property identified for a fix and flip.