I believe if your mother-in-law runs out of money that Medicaid will step in and pay for the nursing care.

If you are borrowing money, you are going to be using equity of some sort.

More big name companies will join the STR industry and hosts who are not exceeding expectation will be weeded out by their money power.

If it’s going to be more than the one day loan we actually structure it the same as a regular hard money loan.if it’s a true double close, process is super simple.

I owe $140k.

Rhino makes money from the premiums paid.

What they don't get is I have those because I made a decision to put my money towards those and didn't do X, Y and Z that they did (eg a fancy vacation every year). 

Clear out that line of credit and finish the apartment and move on to flips and try to focus on short term money and my business because I already have a couple of rentals set up for long term wealth.

The only ones they will really prosecute is if a contractor takes money and does ZERO work and disappears.

Hi @Dave Tab yes for the low money down loans as far as I know you need to be able to show you are occupying the property.