Similarly, why is the loan usually between 70%-90% of the home value, why not 100%?

Usually they also require their official name to be the mortgagee on the insurance.Recently I received letters from a mortgage company for 3 of my properties where my purchase price was less than $100k each, but they want coverage for at least $160k. 

Usually we would like to think that nothing will ever go that wrong but in fact they often do and far more often that we would care to admit. 

It’ll take usually at least a few months, $3-$5k probably.  

More units (usually) less risk (financially).

The key here is not necessarily the numbers more about the tactic and if it’s LEGAL and POSSIBLE To DO it like this or if any one has tried anything similar to this: Property purchase price: 80,000Estimated Rehab cost : 45,000Property ARV: 175,000Hard money Loan used for : DOWN PAYMENT & FIXED COST.Down Payment: 16,000FIXED COST : 18,000 35,000 ( added an extra grand ) HML 35,000 @ 15% interest with 6 points Total: 46,250LOC used for REHAB : 45,000 @ 3 % interest.Total 47,000HML + LOC = 93,250Remaining Balance On House : 64,000 @jasonDiClementeHML + LOC + RBOH= 157,250House sells for 175,000 SP - HML-LOC-RBOH = 17,750 profit - tax about 11,000 grand ... not really a big number but like I said it’s all hypothetical.

Have you gone to local REIA meetings/ Those are usually filled with HML's. 

Just do the extra research and figure out if this is the one.Cheers! 

The investors that claim to be "killing it" with their vacation rentals are usually slaves to the phone, doing all their own cleaning and maintenance, etc.

It may sound nice to pay a 5% management fee but the extra fees can add up to be more than the other company that charges 10% with no add-on fees.