Generally if you are up front about the intention and the members are disclosed along with the membership interests and members personal financials underwriting can proceed with the formation docs to follow.

I know he taught almost all the coaches that followed but I did not want to spend the money to work with them.

-Proper SEC guidelines/filings were not followed to raise capital from a large group of unaccredited investors.

If the lender used your credit report as part of the decision, they should also include details about the credit reporting agency.It’s worth following up with the lender to formally request this denial letter and ensure they’re compliant.

I admittedly have a bias against condos for the following reasons:1) HOAs - both a lack of control over fees and assessments, as well as potential regulation changes2) they don’t appreciate as much3) you have to work a lot harder to differentiate yourself from your neighbors. 

I find that follow-up is key with ALE and CRS.

I'm wondering about servicing these after completion on a longer term basis following a DSCR guideline as they will be rented, and then selling them in a secondary market.

Off-market acquisition is about consistency and follow-up.

We seem to have a strong (but faulty) bent towards following prognosticators, for better or for worse. 

You can also follow Richmond-focused real estate groups on social media and LinkedIn, and work with local agents specializing in investment properties to stay on top of deals.