@Slocomb Reed @Jake Walroth In response to your all’s ideas to BRRR it, and in addition to Sean’s suggestion of going below market value, after the insane amount of holding costs I’ve had to carry, it really wouldn’t put back much money in my pocket...long story short, it was a bit of a mess of rehab.  

Order a title report, set up escrow, write out the details of how you want the transaction to go and have an attorney put together the paperwork.Another option is for you to buy the house for the amount owed with a carry back from him of the equity you want him to have.

If they earn it you buy the card on your double miles CC to mitigate your cost, if they don't earn it you're probably earning the extra $600 if you catch my meaning.

Then a few extra bucks for a pretty sky and pretty grass etc.

In a lender's eyes, residential rentals (1-4 units) don't carry much clout as far as experience. 

I like the aggressive pay off strategy, but why not just keep a 30 year loan and toss in some extra $ each month toward the principle?  

If you are willing to shell out an extra $1k/month to pay it off in 5 years just save the money and put a larger down payment down to lower the payment.

I sell residential real estate all the time and have sellers pay a few extra thousand towards closing cost and down payment all the time up to 6% and was wondering can this be done in commercial financing? 

If they feel they have especially severe headaches, they take Excedrin Extra Strength.The fact that these two medications, one sold in a green box and bottle and the other sold in red, contain exactly the same active ingredients, 250 mg of aspirin, 250 mg of acetominophen, and 65 mg of caffeine, is unknown to them, because they don't read labels.

You don't want to pay 5K to do extra work.