There is nothing that can replace time and experience as it relates to properly evaluating the repair costs and I know many like Charles Perkins and Don Hines commented that doing things your self or 'getting your knuckles bloody" and I can only say they are 100% correct.

This includes making sure my project manager is doing his job, making sure my contractors are taken care of, making sure payroll is completed, making sure my marketing person is making progress on marketing tasks, etc.I'd probably break down those 4 tasks above as follows:40% - Analyzing Deals25% - Strategy20% - Managing the Business15% - Systems and ProcessesAgain, that's just me...

If not and you're buying a rental property and need 25K that you don't think you'll be able to pay back in 5-10 years, then perhaps you need to re-evaluate the property you're looking to purchase or your reasons for purchasing it.I would not invest in any property that I did not expect to recoup my initial investment within 5 years.

I feel like I have learned quite a bit in the past few weeks but there's still a lot more to learn.My short term goal I would definitely like to find someone local I could work with on developing a partnership and progressing in real estate.

I remember spending over 5 months with funding and evaluating deal after deal and getting outbid before some friends and I finally landed our first house.  

Never assume servicing will remain the same over the term of a note.You need to have your attorney apply servicing provisions throughout the note terms where fees and additional fees may be applicable.The servicing fee assessed to a borrower must be included in the ability to pay evaluation as well.But, then again, the simplest way is to make a note and you pay the servicing expenses.

Thanks for all the help, I look forward to posting some progress pictures.

I applied for a Heloc once got approved but last minute declined to sign they will only give my about $45k my home was under evaluated and the %85 the banks do didn't make sense and variable rate and as high as 7.5% with monthly payments...shoot at that time applied I had a fixed credit card and still do 6% fixed for 25k why would I let someone put a Lean on my home for that amount.What I am trying to do is get some money to build a second home on my over 1 Acre Land so I can rent it out to pay for my low Mortgage as I am up there in age now 58yrs old.So found this investor company that will give you 100% of what you owe on your Home vs what the Current Value is with NO MONTHLY PAYMENTS. 

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If they don't make progress for you, I would start to call other companies.