@Chris Mahoo Even without qualifying for Real Estate Professional Status (REPS), long-term rentals offer key benefits like depreciation deductions over 27.5 years, deductible expenses (e.g., mortgage interest, repairs), and up to $25,000 in passive loss deductions if your MAGI is under $150K.

It is a standard conventional loan and was offered as a promotional financing by builder at the rate of 5% for investors. 

These banks are the OG DSCR lenders and will generally offer the best rates and terms.  

He offered us his property before putting it on the market.

I’d appreciate any input you can offer on everything from financing to construction challenges.

I certainly can see how this all happened though Guru's charging folks how to be a synidcator so lots of beginners.. then of course competing offerings and knowing how investor gravitate to the highest returns without really understanding the risks etc.

LLC "A" has a commercial property, no loan/debt, with a 15 year NNN left on it valued at 5-6 Million (recently a broker offered us this if we were interestd in selling).

They would offer a more hands free approach, but eat up the profit in return.

Offering a refundable fee would have to come out of your pocket.

.- Both Sterling and Bank of Marin offer financing to TIC developers for acquisition and renovation of buildings that will then be converted and sold as tenancy in common.