In Tampa here as well.That is a question for your asset protection attorney, but most of our borrowers/clients in FL have LLCs.

Even  if it’s a 30 year fixed DSCR that allows you to live in it the interest rate will make the “residential” loan a far better choice  Oh the other hand if it’s 5+ you’ll have to go commercial.

What a shock that these are our most valuable borrowers.

If borrowing, use a non-recourse loan since personal guarantees aren't allowed.

Quote from @Jokari Trueheart: HI, almost 11 months ago I purchased 3 duplexes and I borrowed the funds from my personal residence which I took out a equity agreement for the down payment on the investment property, great idea at the time because I have 10 years to pay it off and theres no payment requirement, but , I learned more about the consequence that it takes a large chunk of my equity the longer I take to pay it back, so my goal was to refi cash out the investment property to pay it back but I don't think theres enough equity yet to pull the full $106k needed, I only borrowed $88k but with the equity percentage for one year i'm paying about $18k in equity on top of the amount I borrowed if I pay it off in year one, so I need this paid off ASAP before it increases more.

I may be partial but seems a pretty obvious top 5 choice. 

A good, experienced borrower can turn around even an unexpectedly bad deal.

In this case, since they are borrowing their payments, these would get added to the principal balance each month, and interest would be calculated on that.If, for example, the interest rate on the note were 10%, they would implicitly be borrowing their payments at that rate.

If an agent isn't necessary, is a lawyer or another type of representative a better choice?

I am sharing my experience to warn other borrowers and investors about a deceptive practice I encountered while dealing with Century Key Capital.