I tell him  thats fair , I wrote him a check on the spot . 

@Chris Mason is spot on.  

@Ashley Benning The response from @Christopher Phillips is spot on.  

Yup, that's spot on Phil.On our end once you put out there that you work with investors, wholesale portfolio lenders start blowing up your inbox with rate sheets that have things like this on it.And all sorts of other random little niches that each portfolio lender does, like LLCs and the rest.But none of it is at Fannie/Freddie rates/terms, nor is it under Fannie/Freddie guidelines.

It is basically being able to spot situations where the property isn't currently at its highest and best use.

Your thoughts on the timeline, number of steps, and the president's background are probably spot on.

It's as quickly as one trip to any bank, or email to any lander, sometimes they do it on the spot, especially if that is the bank where your checking or savings accounts are.That will not make you committed to get mortgage grom them. 

Someone was in that spot and can shed light on with his/hers experience?

I do, however, advise waiting until you are able to find or create a great deal that you can afford before investing, and those type of deals don't just fall into your lap, you must work and actively seek them out ... the sooner and harder you start looking for them, saving for them, and educating yourself on how to spot and find them, then the sooner you will find them.

Robert Mittendorf posting is spot on, I also have a SDIRA that is sole member and funded my LLC which I am only a manager of said LLC.