I'm done with my rehab and I am ready to restructure the loan into a typical mortgage.

@Aaron K. thank you, I like the idea of restructuring my list.

The insurance market in S FL is in a restructure if you will.

Scope of rehab included: - 3 new kitchens (cabinets, counter tops, appliances)- 3 new bathrooms (flooring, vanities, toilets, bathtub surround)- Refinish 1500 sq ft of hardwood floors- restructure garage- new roof- replace furnace and service 2 other furnaces- replace 27 windows- replace kitchen and bathroom flooring (used Home Decorations LVP Flooring)- Paint walls, ceilings, trim (used Sherman Williams Agreeable Grey)- landscapingAfter our full renovation we went 16k over budget.

- 3 new kitchens (cabinets, counter tops, appliances)- 3 new bathrooms (flooring, vanities, toilets, bathtub surround)- Refinish 1500 sq ft of hardwoods- restructure garage- new roof- replace furnace, service 2 other furnaces- replace 27 windows- replace kitchen and bathroom flooring (Home Decorations LVP Flooring)- paint walls, ceilings, trim (Sherman Williams Agreeable Grey)Leased out 2/3 units showing a total income of $2090.

- 3 new kitchens (cabinets, counter tops, appliances)- 3 new bathrooms (flooring, vanities, toilets, bathtub surround)- Refinish 1500 sq ft of hardwoods- restructure garage- new roof- replace furnace, service 2 other furnaces- replace 27 windows- replace kitchen and bathroom flooring (Home Decorations LVP Flooring)- paint walls, ceilings, trim (Sherman Williams Agreeable Grey) What was the outcome?

Many defaults will occur on variable interest rate loans and either restructures on debt is needed (refinancing) or defaults.

Credit Reporting During COVID-19")This advisory from Stokes Lawrence says two interesting things:A loan modification is normally classified as a "troubled debt restructuring" (TDR), which negatively affects credit.

Shortest I hear of is 3 yrs,  3pts first yr, 2pts 2nd, down to 1 pt 3 yr then if you sell or restructure (sell one out of the bundle) no pre pay but costs to restructure the loan or be forced to put a new loan with a new closing on the remaining houses.I've heard of DSCR loan terms down to 6% a pt to close 30 yr fixed. 

Purchase price: $365,000 Cash invested: $525,000 Sale price: $685,000 This property needed a Interior and Exterior Renovation, and floor plan re-structuring to optimize square footage.