A new apartment building is set to rise in Panama City Beach, thanks to a $72M loan secured by Oldacre McDonald.

I would focus on securing a deal, figuring out what type of financing you want to use, then go forward from there.

With the current housing market being so competitive, how do you see private money lending playing a role in securing properties quickly?

As a landlord, I verified the work needed by pictures being sent, and arranged for a contractor to go in person who is licensed and insured to give an estimate for the work stating to management company this would likely have to come out of a security deposit.The management company was initially asked prior to me arranging this appointment with contractor, to have someone professional quote the damage, and they disregarded my wishes and without my knowledge, or notifying me, granted consent to the tenant to fix the door " in any way they see fit, and to attempt to fix it themselves to the degree of their liking." 

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We secured a 3.2% interest rate and currently owe about $200k.

There are several types of fees on Airbnb specifically: -Airbnb service fee, cleaning fee, extra guest fee, pet fee, security deposit, VAT (if applicable), and local taxes. 

It allowed me to preserve my personal savings while still securing the capital I needed to get the project going.

See the chart from Fair Isaac Company (FICO) below: FICO Score Pct of Population Default Probability 800 or more 13.00% 1.00% 750-799 27.00% 1.00% 700-749 18.00% 4.40% 650-699 15.00% 8.90% 600-649 12.00% 15.80% 550-599 8.00% 22.50% 500-549 5.00% 28.40% Less than 499 2.00% 41.00% Source: Fair Isaac CompanyAccording to this chart, investors should use corresponding vacancy+tenant-nonperformance factors of approximately 5% for Class A rentals, 10% for Class B and 20% for Class C.To address Class C payment challenges, many industry "experts" are now selling programs to newbie investors about how Section 8 tenants are the cure.

I've seen that local banks tend to be the best option for this so if your local banks don't offer it then maybe private money could be the route.we can offer heloc’s on investment properties both in the form of revolving secured lines to investment properties and fixed second mortgages as well to investment properties.typically LTV’s are up to 70-75% total CLTV which includes your first mortgage as well so if you think your LTV is lower than 75% currently (IE YOURE AT 400,000 loan on a 800,000.