The interest rate is between 7.95% and 9.95% depending on credit score.

How are the rate of cancellations etc

I bought a few cheap liens ($70-$80) out of FL just to test the process and they both were redeemed giving me some interest.

Good work is expensive but cheap work will cost you a fortune.

By taking advantage of the low rates with the VA loan, I have been able to hold a property that cash flows $200 a month.

FINAL NUMBERS:- Projected Costs: $380k ($357k in build cost & $23k in soft costs)- Actual Costs: $389k ($369k in build cost $20k in soft costs)Note: We had very minimal carrying costs because we utilized a CA HELOC with Premier Valley Bank that had a 2.99% introductory interest rate.- Projected Finished Value: $750k- Actual Finish Value: I think between $800-$850k, not sure yet.

These include irregular but inevitable expenses, such as vacancy rate, repairs, maintenance, accounting, insurance, property taxes, and property management.

(As mentioned, it doesn’t matter how long you hold a flip, it’s still regular tax rate, it’s inventory in your real estate selling business, not an investment.)

Is that really what other investors have for their mortgage rate?

Locally it's tough to find deals that pencil out right now due to prices and rates, so househacking is a great way to invest in the Twin Cities market.