This offer would also give us enough capital to finish the rehab through a construction loan and draws.However, we are also not opposed to having another team come in and complete the job if we were to find the additional 500k.Just looking for guidance or anyone who has had experience with this or hard money companies that can offer the full amount to refinance this current loan.It's a great property with a lot of upside but unfortunately was put in a difficult situation.

Those are healthy rates for a investment property with a larger loan amount.

Where I buy houses the average lot size is about a quarter of an acre.

Would only need the loan for 6 months. 

I have a conventional 30 year loan on the old house(lived there for 2+ years) and private loan on the new one for now.

My earned income will be going towards my own house and living expenses with little left over for investing out of pocket.How did you overcome the challenge of not having enough money for your first deal?

By talking more to the police, we found out that the main tenant had a long history of inviting guests in exchange for help around the house and that those relations would always turn tumultuous and that the police visited the house several times each quarter over civil complaints, suspicious activity, noise, drug related activity, and a bunch of other civil nuisance type of calls.

@Ariel Thompson You may want to check with your manufactured housing association to see if they have any sample contracts available.

I was thinking of house hacking a multi-family.

There is a genuine housing shortage of all kinds on the coast, long term rentals included.