He gets terms for his build portion and you have to put up actual funds.

If you want specific advice, things that would be important would be some background on the sponsor (years in business, portfolio size, you don't have to name names), where the property is (city), what it was bought for and when, how much was the loan and when does the loan mature, how much equity was raised, was there any preferred equity or multiple share classes, what is the occupancy, is the sponsor responsive to your communications and providing reports, and so on.

Balancing both goals can be achieved through a hybrid approach, where a portion of funds is allocated towards paying down the primary residence while also saving or investing in another property.

Being that the size of this property pushes me into the “commercial” world, do requirements vary significantly (do commercial loans have the same seasoning requirements, etc)?

I'm told that the lead list size is jumping big for the 30-60 leads. 

If your hoping for repeat guests (where they pay full rate and you don’t have to share it with Airbnb or VRBO), then provide hotel size shampoo, conditioner, body wash, small toothbrush and small tube of tooth paste.  

You do need Form 4797 to calculate and report depreciation recapture and pay tax on this portion. 

Even the size of font is under the B&P laws.

As you may know, a good portion of your monthly rent will not go in your pocket, it will go to the constant maintenance, upkeep, repairs, taxes and the like.Fourth, ask yourself... if you have a vacancy, the economy goes in the tank, you have huge unexpected repairs, etc....will your tenants chip in to help you out?

@Kevin KiteI work with a very motivated cannabis lender who goes up to $30mm check size for retail or grow ops.