Home equity loans may not be obtained on land that is taxed as “open space” or as agricultural land.The loan may not close until twelve (12) days after the borrower has applied for the loan and has received a formal notice of the borrower’s legal rights.Not less than one day before the closing, the borrower must be given a final itemized disclosure of the actual charges associated with the loan, including actual points, fees, costs and interest.

The space is very very small and everyone knows everyone.

(Note: These are non-negotiable requirements) Other Incentive ProgramsSmall Business Improvement Fund: Best thought of as a storefront/small business rehabilitation program, this small grant program ($150,000 for commercial properties and $250,000 for industrial properties) is targeted for smaller renovation projects and can cover anywhere from 30-90% of the cost of remodeling a storefront facade, roof replacement, major systems replacements (HVAC, plumbing, electrical, etc.) or an individual interior space build-out within a larger building to get it tenant ready.

There still is a tendency for DSCR Loans in particularly to get lumped in (throughout securitization) with other "Non-QM" loans, mostly owner-occupied when they really shouldn't be in my view, further a lot of the "tech" and software, systems buildout (including loan doc generators) are based on consumer resi which creates a lot of headaches.Anything rehab/construction related though (which is what the original post appears to be more about) is a different animals though - experiences are likely to vary markedly by market, lender, bank etc quite a bit

STRs are saturated here and failed STRs are starting to saturate the MTR space. 

Working long hours tends to lose it's luster.Being in the NNN space for commercial for passive wealth I have talked with thousands of millionaires over the decades on the phone and built lasting relationships.

I'd just make clear private entrances, parking spaces, separate patios, etc. 

BP Really needs a better understanding of rules & regulations in the Non QM Space.  

I can see in his case where it was a day or 2 then done, but I think a longer stay would create a better opportunity to re-rent the space.

🚀Grant, I see you’re in the “co living” space.