Specialty properties definitely have the most risk. 

The 70% LTV and 3% origination cost you mentioned are typical, but they can definitely vary depending on the lender and the specific deal.Regarding the LLC or Trust, you're right, it's a good idea to explore those options for asset protection and potential tax benefits.

They jump around definitions back and forth like Bitcoin being a currency and a store of value based on which side of their statement has just been questioned.  

So it's definitely possible, but I have seen the other side of the coin too often. 

800 is definitely possible.  

•Clear Definition of Squatting: The new law defines squatting clearly, distinguishing between illegal occupation and tenant-landlord disputes.

I see three viable options for you: 1) Rent it STR (we manage 100+ Airbnb / STR properties, it's a great strategy and you can definitely make your $2400/mo)2) Sell the property Subto.

I definitely don't make any money off the place, but the airbnb rentals pay for maintenance and my gas driving to and from WA :-) Question: Have any of you missed some either obvious or not so obvious red flags that would have caused you to negotiate or walk away from the deal and if so what were they?

Plus, the relationship-based nature of private lending can lead to more long-term, win-win partnerships.Banks definitely have their place for more traditional loans, but for many investors, the convenience of private lending outweighs the higher rates—especially when time is money!

Hi Andrea, you could definitely get creative and give less interest on their initial loan and more of the split in the end depending on what your goals are.