Because of our current market / high acquisition cost, this task has ben very hard. 

I've recently been diving into the world of real estate investing, trying to familiarize myself with the terms, different financing options, etc.I have a question about the strategy I've been reading about wherein one gets a private lender for a short-term loan (say, 1 year)  at a high interest rate (say, 12%) and then refinances the home to pay off the lender at some point during that year.I assume that a) the borrower is going the private-lender-route because he/she can't get a traditional bank loan and b) when the borrower goes to refinance, he/she is seeking a new, traditional (i.e. bank) loan.My question is: if the buyer couldn't get a bank loan to purchase the house in the first place, can he/she count on a bank being willing to refinance after 1 year?

Ben Wilkins Thanks for the response!

I'd be interested in talking with @Jake Leicht and @Ben Curry myself :)

@Megan Roche , I agree with Ben Leybovich on this one.

Development has great pool and it's a very clean property, well maintained, with many units (in the event of special assessments).After reading Ben Leybovich's article, I'm being cautious. 

Ben, when you include closing costs you are looking to find around 90% LTV. 

@Ben Higginbotham - There were issues with financing, this is our second attempt at closing and we are trying to move it up, but waiting on appraisals, underwriting, ect.. things outside my control

After moving out, I knew I was responsible for some damages my teenaged daughter had done,and at the time I called the police when the damages occurred AND also let the landlord know that they had happened and I would be responsible for the cost to repair,I even hired a company to do the repairs just after I had moved but they let me down by taking a bigger paying job.So I informed the landlord to hire tradesmen to do the repairs.Then I begand getting bills for damages that I was resonsible AND DAMAGES THAT HAD NOT HAPPENED WHEN WE LIVED THERE, but he has taken photos of these damages.Now I must assume he himself did these damages I would guess in order to have me upgrade/renovate parts of the home that he does not want to pay for, yet wants to improve.How can I prove those damages were never there when we lived there, and that despite he has photos, they do not reflect anything that occurred during my tenancy.Also I moved back in april, and have made all payments ,yet he continues to send me bills.How long after I have left can he continue to send me bills?

Hi Ben, I'm in the beginning stages too soaking up as much info as possible.