For the latter option, consult attorney for operating agreement language etc. 

Silver Saddle targeted a very specific type of customer: Latino, Filipino and Chinese families, most of whom lived in California, but spoke English as a second language.

I would imagine that with smaller properties a set monthly fee instead of a percentage of gross income collected could be the language in the contract.

I never post on here if I have not at least double checked myself with guidelines.I understand the Fannie Mae language is confusing, which is why I posted verbatim the Freddie Mac guideline, because they were more evident and easier to understand.  

The language I have in my listings - which I obtained directly from AirBNB - is that I do not allow animals of any sort due to family members with severe allergies.  

You want to speak their language and offer things that would incentivize an owner.

If it’s not within a 1 hour drive it’s basically virtual wholesaling, so at that point why not pick the best market out there, if you speak another language pick somewhere that will likely help

I was shocked to read ABYSMAL reviews from hundreds of people who had complained about the particular lender, and they weren’t shy about using some colorful language.

Make sure they are aware of this and advise them of the language of the lease.

That website, and all the linked documents, are written like so many others whose operators are from outside the US (and have poor English language skills) and typically perpetuate loan scams on unsuspecting borrowers.Their “Terms & Conditions” document for the loan is a joke.And I can guarantee you that no real “private lender” is loaning money at what they’re advertising (i.e. $50k up to $800M @ 5% interest for 35 years).