As lenders, well issue a prequal/preapproval letter if we've analyzed your income, assets (bank and brokerage statements to establish that you have the liquidity to afford the down payment, closing costs, and reserves), review credit of the guarantors, review the relevant experience to ensure that we're not throwing our money away on newbies that are wandering around in the dark, and have put together a reasonable plan of attack for the project.

@Garrett Brown I mainly use Pricelabs and it has been a great tool.

The bank institution we partnered with offers a bi-annual administration fee of $450.00 USD + VAT (16%).I’m a Mexican Realtor working alongside a Master Broker with a presence mainly in the Southeast of Mexico and the USA, specifically in NY, Miami, and Orlando.

You can learn these things over time.Take note, Due on sale clause isn't even one of the main concerns.

Our main goal is to ensure we’re properly protected.Additionally, should we allow pets in our STR?

You need to attack each positive reply you get at each stage of the funnel. 

You are afraid of rent control, but if you add an ADU and it is detached, the main house (if built prior to 1978) may eventually become subject to LA Rent Control. 3.

Hey @Kimberley Sewell, I have never used it but they definitely focus on the revenue instead of the home price.For example, on the main page, there is a place that showed up for me in PA for $397k.

Is it better to have a job or business that is doing well, then funnel the money into larger projects, if my desire is to be one of the main GP for like 33-100 unit multifamily projects?

You should have two main lessons learned from all this.First: Tenant screening.