For max cash out without restrictions / conditions - 180 days.The main drawbacks would be marginally higher rates (50-75 bps higher), always some kind of prepayment penalty, and because the asset is the primary function of the loan - a non-cash flowing property (maybe lux or bad market) may not qualify.

As the time period for a prediction or forecast increases, the margin for error gets exponentially bigger.

With management margins being what they are in Cleveland, it's not really profitable until you open your own Brokerage.

It only marginally affects your credit score.

Also, why would you pay cash for the deal when you can leverage your money and boost your net worth by a big margin? 

It's a fair offer, not a lowball, but give us some margin of error in a correction.

. - New construction adds massive value to the property, meaning higher margins than an already built/renovated property- New construction rentals attract higher quality, responsible long-term tenants (if not airbnb)- New construction rentals require 0 to little maintenance - 5+ units is classified as commercial - the codes are strict & make it expensive, 4 is the sweet spot- Airbnb in the correct areas can 2x-3x the income of a rental property- Your capital can be re-invested once construction is complete, rather than having it stuck in an investment property- The higher the amount of repetitions/reinvestments, the higher your capital will be. - Once you've spent a couple years re-investing, you can take the capital you've built up and invest it in a long-term rental property with passive income.

However, here are few to ponder: 1) Consider a 401(k) loan from yourself. 2) If you have stocks after tax, like through Robinhood or eTrade, consider a margin loan against that stock portfolio.

To do that you'll need to know your cost per foot to build.Find the combined total exit value of your newbuilds (make sure to build in hold times and a buffer for the market) back out your profit margin and build cost to see what your number is going to be for what you can pay for the land.You can search local tax records on new builds to see what a local developer paid for a site nearby as well.There's a lot that goes into it so make sure to do your research and stick with your comps!

This would leave a tight profit margin on rent and at the current interest rate I would net 200-300 dollars a month after mortgage, HOA, Taxes, Insurance.