After the FIFTY percent management fee, the house broke even…before even factoring in debt!

Read “Invest in Debt” by Jimmy Napier.  

You have additional costs of money to the seller so they can move, you have closing costs, and mortgage payments, property taxes, insurance and utilities plus any rehab.In a Subject To deal, there is always the possibility of a Due on Sale call.

The other, and possibly even more fundamental to reducing barriers for opportunities to let people prosper, is implementing sound budgetary practices.By reducing government spending through things like freezing new hires and pay raises and placing a moratorium on incurring any new taxpayer-funded debt, there are plenty of opportunities to cut taxes.Local governments should volunteer for third-party audits to determine where areas of waste can be eliminated along with expensive lobbying contracts and longevity pay.

For each additional day up until the date you actually redeem, you must add another 76.943 cents per day.  

Additional information provided by the original poster (OP) suggests that even if a property is unsold, the seller might not just be motivated enough to accept your offer at the full list price with SF.

Additionally, I've invested in a trailer park with a purchase price of $200,000, bringing in a monthly revenue of $4,650.

“Good Thesis” for Single Hard Money Loan: Borrower: Experience with multiple flips in target marketBut… doesn’t have more than a handful of flips going on at any one timeFlip is next logical progression:Example: Flipper used to doing SFH in a given market for past several years is doing a slightly larger project, or scaling to do two simultaneously.Example: Flipper used to doing SFH in a given market is not progressing from small fix and flips to a $2M luxury quadplex ground-up development in one jump.Flipping is the borrower’s full-time jobOr, their single side project in an otherwise established careerFlipper does not have 10 other projects going onBorrower has established contractor networkBonus: Has established contractor skillset and licenseBonus: Has deep experience personally remodeling flipsBorrower personally guarantees loan:Has material assets and net worthIs not highly leveragedHas a cash flow positive lifestyleDeal: Close, clear comps support both acquisition and disposition priceProject timeline and rehab plan is detailed and specificBorrower is willing to loan disbursements staged upon completion of clear project milestonesBorrower has procured binding quotes from contractors regarding scope of flipLoan is no higher than 80% loan-to-cost, and 70-75% of Loan-to-ARVBorrower is putting some skin in the game:Borrower’s equity is not just them buying the property at a discountBorrower is committing at least 10% (preferably 20%) of project cost in cash from their own personal accumulationTimeline is as tight as possible:Cosmetic Flip is less than 3-5 monthsMajor Rehab is less than 1 yearScrape and Rebuild is less than 18 monthsLonger timelines = more conservative Debt to Equity

Generally the banks are going to ask for the following documents:* A W9 completed by your tenants or whichever tenant's name will be on the savings account* A copy of the lease* Copy of your tenant's photo ID* There may be another form for additional general information* A check to deposit to the accountI am usually able to get these completed in one visit to the bank. 

Or, find something you can purchase that needs a little help and force some value into the property while you live in it.Adding financial stress to your situation with additional debt payments when your monthly budget is already tight could be a recipe for life disasters.