Once you have a shortlist, sign up for an account with each one and test them extensively to see how they function.

Then you need to materially participate in the activity, here are the tests to meet MP: https://www.investopedia.com/terms/m/material-participation-...I recommend tracking your hourly diligently in a material participation time log.

One of the appraiser has been asking for rent rolls but the motel has been shut down since covid. 2.)

Plus the building itself must show receivables as a business or in rents to underwrite the NOI of the business, Rent rolls, and occupancy ratio if rentedHave you thought about starting small and simply buying some single family homes or 2-4 units and transition into commercial? 

Jay, the deposit gets the ball rolling on the construction end and ensures that the buyer will move forward with the deal as in any contract.

No test, no experience, nothing else needed (beyond an insurance policy number to complete application).  

If you are attempting to get as many houses with inflexible loans, do the DSCRs and keep rolling.

Without an exact numbers breakdown of each option (which should obviously be my next step), I think my ideal situation would be to sell the SF and roll the equity into this, leaving me with a modest holding cost that I can absorb with my stable W2, and keeping the HELOC for any larger ticket items I need during rehab.

Based on the pre-percolation test, he said the septic is basically good to go anywhere in the spots tested.

Haha Facts I know the volume gone be low on this haha just hoping for one good source I know there’s limited lenders testing my luck 😂