Their profit is the difference . 

But is that really what makes it profitable?

These are simply the facts I experienced.

I know I could probably go hard money but my concern is being able to refi into a normal bank loan within 6-12 months because I'm certain my equity won't be sufficient by then, even if I'm reinvesting all profits, and especially since the payments will be interest only. 

don't break the rules bend them. bending the rules will save your *** when it comes to profitability.

Assuming your credit is decent, you should simply connect with a lender to line up your financing, then start looking around for a condo in New Haven.

We are investors from Canada looking to maximize profit and we look to outsource the management.https://www.coldwellbankerhomes.com/fl/bradenton/4802-51st-st-w-unit-1022/pid_23438374/Best,Mo

Or simply go to county doc office online search?

I would like them to profit from the deal as well.Matt M.

But there could always be circumstances warranting a shorter or longer hold period.When you eventually sell that new rental converted primary there are some changes in how much tax free profit you will get.