If the Govt shutdown goes on for an extended period of time & the piggy bank needs to be replenished then yes this will create a major issue for Landlords.

Say over a three year period of time.  

There is no guarantee the IRS will agree with you, but you will have a decent argument. 

In the period of time that passed, we are moving to Southern Pines, NC.

If a wrap is being used, and the existing underlying note is not assumable, then the note holder can accelerate the note at any time, demanding a payoff in full in a time period compliant with the laws of the state the property is located in.Many states, like Texas have state forms in which the blanks can be filled in to be used for an offer on residential property.

Purchase price: $306,000 Cash invested: $5,000 Sale price: $365,000 We purchased a single family home that we intended on flipping but we ended up just holding the home for a short period of time and sell to a buy and hold investor.

And remember that you will be signing a personal guarantee with any commercial loan.

Get good at ball parking estimates, place an offer if they accept then use your inspection period to perform the in depth report.

12% came from the idea of the average rate of hard money right now is about 12% plus my thought was a high percentage would attach more people which would offset the high rate with higher volume and we have been turning around properties in 2 months so not a long holding period.

With some quick math, you can calculate what your payback period is in comparison to when your PMI falls off.