Typically there are no loans....all cash, same day.If you can withstand the headaches and risks, I do see a few people killing it with rent-by-the-room. 

My current hard money interest-only loan ends in May 2025.To bridge the gap until refinancing, I am considering a short-term private loan (non-hard money or traditional due to the title issue) to satisfy the current debt.

Hi Cameron,You usually get a short-term (12-24 month) loan and pay off the loan using the proceeds from the sale.

Not all programs require scorable US credit, but you'll get better terms if you do have that established beforehand.

:Class A Properties:Cashflow vs Appreciation: Typically, 3-5 years for positive cashflow, but you get highest relative rent & value appreciation.Vacancy Est: Historically 10%, 5% the more recent norm.Tenant Pool: Majority will have FICO scores of 680+, zero evictions in last 7 years.Class B Properties:Cashflow vs Appreciation: Typically, decent amount of relative rent & value appreciation.Vacancy Est: Historically 10%, 5% should be applied only if proper research done to support.Tenant Pool: Majority will have FICO scores of 620-680, some blemishes, but should have no evictions in last 5 yearsClass C Properties:Cashflow vs Appreciation: Typically, high cashflow and at the lower end of relative rent & value appreciation.

But for figuring out their income ratio, the Section 8 program will pay for a percentage of the rent, typically 70%. 

Together, we negotiated favorable terms with the seller, ensuring a swift and beneficial transaction.

Also, I have done a couple of non recourse loans with Private Lenders on a shorter term basis.

Together, we negotiated favorable terms with the seller, ensuring a swift and beneficial transaction.

My office and my house are just north of Reeb-Hosack2 - I do not have the data to support this but based on what some of the long term tenants in the area are at with their rents, I would say they have increased a lot3 - I would say so https://www.zillow.com/home-values/76576/columbus-oh-43207/4 - There is crime in the area but no more than any other city