@Emanuel TorresRenters Choice

I think the best approach would be to show her why it's a bad idea, and let her come to the choice not to do it on her own.

This is an agonizing choice to have to make.

Hi Carole,I am sorry I missed your original post or I would have answered sooner.What yield you accept is a personal choice.

MFR is a smart choice especially in the greater NYC area.

If the buyer requests a third extension, you have two choices: 9a.

Interesting choice on the forest green exterior.  

Do some research on the plans, fees and service fees then price how much it would cost to replace the big ticket items and make the choice you feel is best for your situation.

@David Jayne , I would have to say that diversification is a personal choice.

This is going to be a personal choice call with regard to risk and deisre to leverage. 5.4% is a pretty good rate compared to what you are going to be borrowing from a private lender so it might make sense to save up money instead of paying down your debts if you truly want to do a flip.Remember for most hard money lenders, and many private lenders you are going to have to have some of your own money in the game so you will need to save us some funds to execute your first flip, and also you need a contingency fund of ~$10k depending on the property to cover holding costs/unexpected repairs etc.