That pretty much guarantees a 100% open rate.

Sean, I know we've chatted already but I forget what your savings rate is.How quickly will that $50k in savings be $70k or $80k?

In some states, the property tax rate is different depending on if it is a primary or secondary property, so this is something to keep in mind.

So, she could get a better rate on her auto loan - which is through a local hard money lending company that typically charges 25%+ interest rates on crappy cars that won't last the term of the loan.So, if you can't just look at the application data subjectively and without emotion, you should delegate it out.

The "Internal Rate of Return" is just the discount rate we would need to have that makes the PV of our cash inflows equal $0.  

HELOC gives additional flexibility for a higher interest rate.

I'm sure I can get the deal done and these are garden style 3-4 story walk up style which are the low end of market rate 

At the 6th month mark you can elect to do a "rate & term" refinance if the LTV is 85% or less.You can use the same title company "Master policy" to save a good chunk of change on the refinance and ask for an AVM to avoid an appraisal (if no cash out).

Rather than charging a fixed interest rate, I'm looking for someone willing to take 50 percent of the profit once the property is sold.As a Muslim, I adhere to principles that prohibit the use of interest.

If you're already willing to pay the HML rate and points, it should go fast.