For CA, unless you have a loan brokers license, you may not charge in excess of 10% per annum and most bridge loans/transactional funders exceed that by a long shot.So be careful not to violate usury laws.Here is a link to a website (I have no affiliation with) so that you can refer to state usury laws:http://www.usurylaw.com

Yes repairs is the real issue.If you do not properly inspect for repairs when you buy that 25k cash flow could be eaten up for years in excess costs.25k is if you pay cash so after debt service would be much less.

(excessive text messages) 4.

Stated income, no document loans, 580 credit scores, no income or employment or asset verification, etc. were collectively the primary factor behind the great recession - which ruined the lives of tens of millions of people, including my own.I should say though that FHA loans are nowhere near as popular as they used to be, most likely thanks to their excessive insurance premiums.

That way your excess income on capital gains could go back into it as a contribution.

This property has tons of excess land and paved parking, and just anecdotally it would seem possible to extend either one of the structures to add 1-2 additional units.  

I try to get people to send me any excess HELOC funds, but it hasn't happened so farbut seriouslyWe use our HELOC to purchase and renovate, then pay it off on a flip or refinance after reno for a hold.

That doesn't mean you have to be rude to walk away, it's all about valuing your time and price and not spending excess time in a back and forth when you know your numbers.

Just paying it down with excess cash from our w-2 incomes and should be to zero in 3-4 years.

OR, do I just make the minimum payment on the student loans and save the remainder of my excess money towards the down payment?