Meanwhile you can use the remainder of your cash to finance multiple other deals.For a Hard Money loan you will only pay about $750 per month for each $100,000, so if you are not n the project for too long and the forced appreciation is decent, the extra carrying costs shouldn't be to bad compared to the overall deal.

I think the underlying problem here is the roofer (notice i did not say roofing company), had a bad previous experience from a different client and is simply protecting his behind from being burnt again.

That seems bad when most other places are going up, but that's me. 

Was bad!...

Since you have already closed, your 2 options are to 1) move into one of the units and figure out you career later or 2) Put the house back on the market.

When I asked him why, he said he knew we'd just opened this business and it's hard to prove income and our credit was probably bad anyway.

How can contractors (not all of them are bad, I know, I just need more time to find the good ones!) 

“Not all debt is bad debt.

I should add that I am in California, but if you follow the rules and read the contracts (and have an assist from a legal team), its not that bad.

I recently passed the New Jersey real estate exam and I’m now beginning my career as a realtor.