I'd look at the experience as tuition that will allow you to make better decisions going forward, most notably not biting off more than one can chew...not an unusual young person thing...ask me how I know.

The reason is that you have less risk (hopefully) and you start learning without biting off more than you can chew.

@Leeling Chew @Joe Funari nailed it.

And by not biting off more than you can chew for the rehab.

I don't want to bite off more than we can chew with managing a full reno while we learn the ropes. 

I couldn't risk this.I have about $3500 in repairs that are well beyond wear and tear -- smashed out windows, dog chewing of window and door trim, destroyed wood floors.

By the time you take out a trad. cash-out refi, you'll be eating a bunch of fees, which will chew into your theoretical 5% arbitrage spread. 

And when it does move up it also hurts the borrower by likely reducing his home’s fair value if he were to sell.Let’s say a borrower wants a $600k house and is chewing on fixed vs AIO.

Google ai's are cheap af, expect these ads not to match so well your preferences.It is amazing how this "thing" is still going on, been chewed and ruminated in this forum since 8 years ago based on the first inquiry here.Now here a simple fact for you to check: 1) When you click on the ad, it directs to whatever landing page to sell a product of their business.

Next up: How to chew gum and walk at the same time....