Anyone have experience with this alternative creative financing vehicle? 

I’m currently being put on my parents feed.Now, I want to get a loan to pay off their balance $45k, get a lower interest rate (and yes it would be lower, believe it or not theirs is 9% and has been for years) and pull money out for some debt at this point I only want to pull out $20k.Obviously, there is equity.What’s the best loan for this?

I calculated this one as a potential fix and flip and making it a 2-3 room home at a little over 900 sq ft..

Can I self manage this property and still get a refinance?

How did you find this deal and how did you negotiate it?

During this, we've made some friends with folks who, rather than allow us to rent their unit, would prefer that we manage their property for a fee.

Landlors should have been documenting the before/after condition with photos this entire time.

I don't really want for much at this point.

What made you interested in investing in this type of deal?

We make loan at a total cost to borrower of about double what “A or B” risk borrowers would pay for  bank financingLoans are 1st liens, short term (12 - 24 months) at no higher than 65% loan to value.Hope this adds clarity