Can try to reposition to Class B, but neighborhood may impede these efforts.Vacancy Est: Historically 10%, but 15-20% should be used to also cover tenant nonpayment, eviction costs & damages.Tenant Pool: majority will have FICO scores of 560-620 (approaching 22% probability of default), many blemishes, but should have no evictions in last 2 years.

And, there should not be a minimum number of payments or minimum amount of interest.Here's a quick recap of what to look for in a hard money loan.

My wife and I have obtained three traditional loans and one lease with the option to purchase, resulting in most banks turning us down based on debt to income (non-portfolio lenders). 

Maybe he was actually made a "non-person". ;-)  Clearly, he doesn't cause you're the same subto guy that's been peddling the forum for the last couple of years.

Well I have seen this come into play - I had someone who has a note in florida that was a non-owner occupied loan and the lender claims the borrower failed to make payments on this and attempted to record the deed in lieu.

Also the loan for a retirement account must be non-recourse. 

Kate I see Avalara but from looking at their site it is not clear if they are actually making the payments or are they just helping you figure out the amounts to remit?

First of all, let me pay my respects to the hardworking people in real estate and the treacherous waters they navigate—fronting hours of effort with only the chance of commissions and an abundance of non-forthright people out there.

You have to find the areas that are either zoned for Hotel and Resort or have NUCs (non-conforming use) certificates. 

Can try to reposition to Class B, but neighborhood may impede these efforts.Vacancy Est: Historically 10%, but 15-20% should be used to also cover tenant nonpayment, eviction costs & damages.Tenant Pool: majority will have FICO scores of 560-620 (approaching 22% probability of default), many blemishes, but should have no evictions in last 2 years.