In 1973 commercial private mortgage lending got a boost when an area franchise developer for Weight Watchers International sold his business and decided to take the $15 million proceeds and provide commercial mortgage second liens to fill some of the gap on commercial property purchases.California mortgage brokers have been advertising high interest investments in private mortgages since the early 1960s.

Hey @Michael GarlandAlways love to discuss creative income boosting strategies.

Some of the challenges:1) Pairing clients with properties that with an affordable plan yield the results the clients need2) Get the property into contract in this aggressive sellers' market with strong STR property buyer competition3) Deep due diligence to minimize property risk during inspection period + create best COE plan to yield the highest possible cash flow + start scheduling post-COE reno work4) After COE, get the hot potato moving- help in any way necessary to make sure my clients get this work done quickly and without complications so they can get their property on the rental market ASAP and start generating cash flow.5) Occasional STR audits as requested (always an option) by clients, to further boost their cash flow, and effectively their home value- based on income approach.

LTR and STR are radically different markets with dramatically different tenant expectations and overhead.

In a few months I’ll be living with family and paying $0 rent, which will boost my savings by over $2000 a month, though eventually I’ll want my own space - I’ll probably house hack, once I’ve picked an area I’d like to live in for a few years.What I’m not sure on is, how I should handle financing my first (and subsequent) property purchases.

Even if nothing comes of it, it's a little energy boost, and hopefully by sharing, I can offer some encouragement to anyone who might need it.

If you can add a pool that will also dramatically increase nightly and occupancy rates as well.

You can buy some dual-head mini-split units but the cost is going to go up dramatically.

I have a low credit score (slightly above 600) due to carrying high credit card debt as well as having some charged off CC's from my college days, however the statute for those to show up on my credit report expire in August of this year so it should provide a sizable boost to my credit score, in addition to my plan I have in place to reduce my total credit usage from $12,000 (out of 13,000 available) down to about $4,000 by July (hopefully lower!).  

Things have changed quite dramatically for recreational marijuana dispensaries.