@Jenifer Garcia The theoretical example you provided is already a great deal.

For anyone new and Learning - anytime anyone says anything that insinuates a guarantee or provides a guarantee run as far away as possible

I have a "notebook" (that's basically a file folder, in Evernote) for different types of info I want to have access to later: lender info, referrals for service providers, property listings that I come across and want to check out later, websites that have demographic info... all sorts of things.

It's just a matter of trust when you only have $75k in cash.

I appreciate any insight and advice this community can provide.

Now you enter a bridge loan that will provide 85% (with some exp and good credit) of the purchase and the 57k in escrow for rehab funds. 

Provides an option to convert to a fixed rate, which will be higher than the typical rates.

Did you provide the necessary notices to your tenant? 

Trust me, many lenders will tell you they can do this...but it's very rare to find lenders that know how to advise you on it.

@Ashley Collins , please provide a little more description of your house—#bed and #bath, style, fenced yard, square footage, and general location.