A report only needs to be submitted once, unless the filer needs to update or correct information.

You need to find a regular local lender who can tell you what you will need which will be 20-30 percent depending on the rate you are after.But, the easiest way for flippers to become owners is to hold every 4th property you flip and rent it at high rent since it's a full renovation.

This one was a fun one, with no real major issues, just needed a lot of repair and updating.

Regular meetings and smooth communication keep everyone on track, marching toward that glorious goal.So, no more flying by the seat of your pants.

If you moved forward with RLS, curious to know what your experience has been - the good, the bad and the ugly and/or if clients of yours have had any feedback about them as noted by @Michael Plaks.Thanks so much and happy to share any updates I receive.

First thing I always ask people who ask me about doing STR is do you have a regular w2 and do you want to do another job?

Just like regular investors, they can keep extending the term and also potentially dilute the preferred later if project does not trend well or interest rates do not come down.

We also have other great lenders we work with regularly, some as long as about 20 years. 

And to address something earlier - siblings talk regularly, know the funds are limited and all expect a $0 inheritence.

Thoughts on purchasing a multifamily with fuse boxes..9 units, so a decent expense to update and the one thing that could make or break the deal.