Interesting how different jurisdictions interpret individual rights. 

I am not a PM or attorney, however I have seen other owners just do individual leases for each tenant specifying the room and terms. 

Again, I would love to connect with some individuals who have experienced this process before or know a lot about it. 

If a cash out refinance, many lenders will allow the cash out to satisfy the reserves requirement.DSCR lenders generally let you vest either individually or as an LLC.

.- Business Model: Looking to provide flexible financing solutions for individuals and businesses who may not fit traditional lending criteria.- Regulatory Compliance: Ensuring all legal and regulatory requirements are met for private lending.Questions for the Community:1.

I think I will first reach out to my bank and maybe another individual that has experience in such properties that I know.

If so, those could be exposing individuals to large amounts of risk. 

Now, I'm proud to say that I own multiple apartment buildings, and I'm enjoying the financial freedom that comes with it.What I Bring to the Forum:Experience: Over 15 years in the real estate industry, with a focus on flipping houses and investing in apartment complexes.Knowledge: Expertise in value-add properties, seller financing, and leveraging equity for growth.Passion: A genuine desire to help others achieve financial security and freedom through real estate investing.What I’m Looking For:Connections: Building relationships with like-minded individuals who are passionate about real estate.Learning: Staying updated with the latest trends, strategies, and insights in real estate investing.Sharing: Offering advice, sharing my journey, and learning from the experiences of others.If you're ever interested in discussing strategies, sharing experiences, or need any advice, feel free to reach out.

And, their money does indeed come from private individuals.True private money, which is what most folks who post here asking for private money mean, is an individual you know personally who's willing to invest in you.  

I've learned that a little bit of naivety is good because otherwise an individual may never take the leap if they possessed all the knowledge and truly knew how much risks are involved.