Each loan type will also have a number of fees that you will need topay to secure the funding (eg. you will be paying the broker for commercial,whereas the lender pays the broker in residential financing).My best recommendation is to talk with alocal commercial mortgage broker specializing inmultifamily lending.

I'll pass.Very rookie question for you, @Patrick Roberts and everyone else here: I thought that post-Dodd-Frank, the barrier for mortgage lender accreditation/licensing was essentially raised to a point that HML’s and private lenders were effectively iced out of securing loans with a mortgage or DOT.

Another option may be to secure the loan using primary residence as collateral. 

You need a securities license to sell securities.

While off market deals may be your ideal scenario in securing an investment - lets discuss ways in which i can also possibly make that happen for you.Personal Standpoint - Wholesalers -  i would be interested in investing outside my region should there be an opportunity in fix and flip or BRRRR.

In addition to the management fee and interest, you may encounter several other costs when securing a private loan.

Will this affect her survivors benefits social security income? 

One to hold all the security deposits and the other for collecting rent and paying your bills.

But I am open to it if I can use the security deposit to replace the carpet (not sure to what extent it is legal).I was thinking of getting landlord rental protection from Zillow to cover pet costs but my premium will probably shoot up since the place is carpeted.Would love your thoughts on this dilemma!

Typically, you’ll need a promissory note (outlining the loan terms, interest rate, repayment schedule, etc.) and either a deed of trust or mortgage to secure your interest in the property.