Obviously W2 income is crucial for procuring a loan.

We have exhausted most options to procure creative financing to make both deals happen in a fashion that suits his needs/ability.The basics are as follows and use conservative numbers given our local market and overall market volatility:Sale of contract priced at $209kEstimated repair costs $70k (The client is a recently retired contractor and was planning on doing a 75% gut and most work himself.

And as I mentioned I’ve procured tenants and managed properties for dozens of investors over the years.

We intend on procuring phone numbers and emails, then calling them (with a VA or with slybroadcast), texting if they don't respond to calling, and putting them on an email drip.

In all 50 states it is illegal to get paid for procuring a buyer or seller for a third party and all wrapped up in this is also referral fees.  

There is a matter of compensation, procuring cause etc etc.  

The cons are that the buyer pool for leasehold hotels is smaller, leasehold debt is tricky to procure and you will need to pay attention to items like the franchise agreement, access agreements and easements, etc.

>Tenant Procurement/Placement – could be percent of monthly rent or a flat feePictures, 3D Tours, etcAdvertising prep and determining market rentProperty advertisingAnswering inquiries (phone/text/emails/etc)Scheduling showingsShowingsApplication processingLease signings and MoveInsFollowing up on all of the above, hopefully consistently updating owners>Maintenance ChargesCommon: owner agrees in contract that PMC can perform work without owner approval up to a certain threshold (Example $500) or in an emergency.Questionable: owner doesn’t find out about charges below threshold until they get their monthly statement.Hourly – PMC bills at hourly rate depending on type of ServiceTech sentEXAMPLE: Owner billed at $65/hour for handyman workMarkup is hidden in that rate as highly unlikely PMC is paying their handyman the whole $65/hour.PMC or a subsidiary billing – PMC submits bill from their companyEXAMPLE: Owner receives a bill for licensed HVAC work on PMC form.Owner does not get the licensed mechanical contractor bill, so has no idea of PMC hidden markupTransparent – original bills from all contractors sent to owner, PMC charges a pre-approved markup for their time to handle.EXAMPLE: Owner receives a bill for licensed HVAC work on contractor’s form.Only challenge is some PMC’s get illegal kickbacks from contractors owners don’t seeThere are then many different IF -> THEN fees to cover evictions, emergencies, filing insurance claims, etc.WARNING: never assume you won’t be charged for something unless it states so in the management contract!

I am an investor with a real estate license and procured that license almost exclusively to submit my own offers.  

I have had clients procure the loan and initial purchase contract under their personal name and then place title in the LLC name at closing.