Read the blogs, post your questions, and the podcasts as gold.

I bought what was supposed to cash flow positive on paper but I'm losing money every month and I don't think it will appreciate enough in 5 to 10 years to make up for my expenses.Read my post in the link below. 

This is my first post (other two are replies), and I know it'll be lengthy, so thank you if you stick through my story, goals, and questions.I have been doing a ton of reading, listening to podcasts, scouring BP forums, and looking at home prices in my area.

I hope you got an inspection contingency clause put into the P&S agreement as you could still back out if more problems come up in the inspectionNow the cash-out refi could work but that would require you to rent out the property for at least 6 months and pay closing costs again and now that the home is worth more you would have to make sure you will cash flow because everything from the taxes to the mortgage payment will be more per monthWith this being said the profit is there if everything with the comps are correct so I would say if you feel comfortable with it to go with that route.I also now am seeing this is a 3-month-old post so if it is going well then congrats if not then you will get'em next time (hopefully not losing money in the process) but if you didn't do the deal out of fear then I would say hit the books again (aka laptop) and get to studying and learning about all of your fears to see if more knowledge can combat those fearsHope this helps, good luck :)

Just re-read your post, I had missed the part about it being a loan from the owner of the self-directed account and not an equity position! 

Originally posted by @Todd Olson:@Corey Frank if you plan on staying at 4 and under then you should just get a 30 year fixed conventional loan for them. 5 and over classifies as commercial property.

Keep us posted as you continue to explore this option. 

@Matthew Alonso welcome to the forums and congrats on your first post!

Most of the posts I've read have mentioned how important it is to be listed as additionally insured for all contractors/subs for on going and completed projects.

Originally posted by @Chad Flath:Looking to convert a duplex into individual condos in Italian Village (Columbus, OH).