You will only pay interest on the amount of money you use.

What is your average rent amount for all properties managed?

Many banks limit personal loan amounts.

The amounts of square footage cover is so low the delta becomes a rounding error. 

That amount is extremely low compared to my other investments which usually make more than a 100% IRR over a 3 year period of time.  

As a wholesaler, having the first look at a property is a cool perk of the skill set. checking to see if the numbers work comes first, but secondly if not first part A, how will the property be managedAnyone investing in multifamily out of state, what’s the difference between the different amount of units?

I used a hard money loan to finance the purchase and rehab costs, with a small amount of my own cash for contingencies.

I used a hard money loan to finance the purchase and rehab costs, with a small amount of my own cash for contingencies.

This amounts to lost opportunity because if you had purchased RE, at the closing it can start producing return. 5) ADUs detract from the existing structure whether this is privacy, a garage, or just yard space. 6) this is related to number 1, but there are many more buyers looking to purchase homes for their family than there are RE investors looking to purchase small unit count properties.

Stop reading if you want.2) I couldn’t guess what “There is a 6 months of grace period before interest payment begins” means.3) They call their $3555 charge a “Loan Fee,” stated a few lines up as 2%. 2% of $235,000 (loan amount) is $4470.4) Do you seriously believe the loan fee, “… IS 100% REFUNDABLE IF THERE IS ANY DEFAULT FROM THEPART OF THE LENDER OR IF THE BORROWER CHOOSES TO TERMINATE THE LOAN.”5) It’s okay to pay an appraiser directly.