. #4 should come from a solid agent referral as well

Since this is a post about our loan shop, I'll highlight that we are a small loan shop (30 employees), family-owned just trying to get more clients by placing their loans well and treating customers well.

Another option is to look into some funds as well that allow smaller investments. some are anywhere from 500-$10,000 minimums and accept non accredited investors (through regulation a+).If you ran numbers of a loan paying p&i at 10% but ot being able to reinvest the principal payments you realize how low your returns actually are. so yes notes are great but also understand that idle money for any investment is not fun.

You’ll want to make sure your cpa is well versed in short term rentals. 

Well said! 

In my opinion it was well worth every penny.

@Paulette Midgette I haven't looked at that statute in a while but I would check to see if the Home Improvement Consumer Protection Act ("HICPA") applies to this situation.

I have a client in ATL that knows STR very well and could provide some resources if needed.

So I would agree to instead get a lender that you can scale with.But it looks like you got a credit union to give you a good rate, better than most as well 

@Brandon Pimm my friend and I are in jersey as well looking at Allentown as potential first rental property purchases.