A few things to note-Loan payoff isn't part of the calculation of what taxable gain will be. 

@Allen Duan Thank you very much for your response and the added note about using it successfully.

Like most people have noted, Costco and Amazon are the best places to go.

We should definitely talk and exchange notes. 

Any trends or insights worth noting?

We are in Iowa and he noted he wouldn’t do a basement.  

Another important note  on this is one reason in Oregon its such a big deal with lenders.. is that a properly filed Mechancis lien as your probably aware is a SUPER lien and jumps ahead of all of other liens. 

With a Condo, couple things to note:1) Financing can be a challenge, but as long as the building is in good condition, you should be fine.

However, as noted, there must be 500-1500 investors out there, so why are so few represented on BP, so.....Curiouser and curiouser.........

Loan seasoning requirements are usually based on the note date and the loan purpose, like cashout refi.