I've had smooth loans close with Kiavi and I've had rough ones, same with Roc.When Loans start to be troublesome:1) The borrowing entity docs are a mess2) The appraisal numbers are lower than expected3) Messy background reports4) Loans happening in an environment where market/rate fluctuating unpredictably 5) Your loan officer and their team are poor at their job6) Title issues that depend on county docs, that can be slow and painfulThere's more but it's Friday and I'm tired....

I can add some insight and if you search around on other forums hear you’ll find the same …While investment wise it may be good please do your background on which wolves your trying to den with . 

If the applicant comes from the pool of people that I or my tenants know, I use real estate as a way to give back as many of my tenants will not qualify credit wise or may even have a criminal background or would struggle for another reason if I were to just stick to the "background/credit check" criteria. 

I have never approved a tenant without meeting them, if everything looks good on paper, income, accounts, backgrounds.

With your background as an electrician, contractor, and project manager, you have a unique advantage in real estate.

I made some in depth STR marketing videos on youtube (I come from a hotel marketing background) before I joined BiggerPockets and people loved them.

None the less, I come from a background of training people for a living and it comes naturally to me to help others get started on this amazing journey called "Real Estate Investing"I started my cash flow real estate investing journey In January of 2023.

From what I know of the sponsor’s background, they have NO basis to believe they can successfully navigate the very complicated business of revitalizing a name brand via on line sales only.  

I wanted to solicit some background info before reaching out to my accountant and she advised similar to your comments. 

Ivan, I'm in Tampa too and I'm a lender with formal commercial credit background from two of the largest lenders in the world and 34 years of lending experience.