Each loan type will also have a number of fees that you will need topay to secure the funding (eg. you will be paying the broker for commercial,whereas the lender pays the broker in residential financing).My best recommendation is to talk with alocal commercial mortgage broker specializing inmultifamily lending.

@Lamar Athill become an expert in the area you are trying to wholesale. 

Those companies will die out and the emerging ones who lead with quality sourcing/underwriting & have real estate experts at the helm will grow the market in my opinion. 

In addition to the management fee and interest, you may encounter several other costs when securing a private loan.

I am here to be a sponge and to connect with other experts in the rental property space.

But I am open to it if I can use the security deposit to replace the carpet (not sure to what extent it is legal).I was thinking of getting landlord rental protection from Zillow to cover pet costs but my premium will probably shoot up since the place is carpeted.Would love your thoughts on this dilemma!

One to hold all the security deposits and the other for collecting rent and paying your bills.

If anyone here has experience with STRs abroad or has consulted with international tax experts, I’d love to hear your insights!

Here in Nevada, these shenanigans would cost the landlord twice the security deposit in small claims court.

Typically, you’ll need a promissory note (outlining the loan terms, interest rate, repayment schedule, etc.) and either a deed of trust or mortgage to secure your interest in the property.