Ones of the biggest was that we had to completely replace all the old electric, luckily we were able to save in other areas of our budget to offset most of the costs but not all of them.

This is the biggest thing happening in the world right now.

Depending on the lender and program your biggest hurdles might be credit score and income and time in job. 

My biggest tip here is work with the smaller companies.

The biggest factor to consider is the new interest rate since it’ll likely be higher than your current 3.2%.

This has been my biggest discovery, in life. 

Renovation costs would need to be financed separately.Private Lending or Hard Money: Use a private or hard money loan to acquire and rehab the property, then refinance into a joint long-term loan.Seller Financing: Negotiate terms directly with the seller for a flexible financing arrangement.Final ThoughtsUsing an FHA 203(k) loan for your first property is a smart move, and with the right partnership agreement, you can still achieve your 50/50 goals.

How about a fine for those who use ChatGPT to write those generic threads like “How to Get Into Private Lending” or “How Great Private Lending Is”?

The property is gated so many rent out all 12 bedrooms and bathrooms for parties, retreats, anniversaries, team meetings and special celebrations.It's private and perfect for those who want privacy when they need it and company when they want it.It has appreciated and is now worth at least 3 million and we are looking for funding to refinance and share the profits with our investors.

Sadly, the biggest thing is stressing that it's not section 8 housing as that seems to be the boogeyman for any homeowner.