This approach allowed me to close quickly and efficiently while maintaining flexibility to make the minor updates needed to modernize the property and position it as a high-performing long-term rental in Uptown Charlotte.

This approach allowed me to close quickly and efficiently while maintaining flexibility to make the minor updates needed to modernize the property and position it as a high-performing long-term rental in Uptown Charlotte.

I financed this deal through a private lender, allowing for a swift acquisition and the flexibility to allocate funds toward renovations.

The other thing that you can do is find a HML who will allow the seller to cover the down payment then seller finance the downpayment.

Mike licensed Mortgage lender who can do residential owner occ loans is what a RMLO is.they are tough to find because most work for a broker that will not allow one offs.. when I was current with my RMLO license I thought about setting up for this business but too much work for to little money.RMLO needs to be a state licensed mortgage lender and NMLS registered to do owner occ loans. 

@Mary Jay, to layer on to Connor's comment, while some lenders will only pay draws on invoices paid with lien releases, there are also some that will allow you to submit draws on invoiced work.  

Up to this point, this is how I understood Nevada LLCs: Nevada LLCs can maintain a level of privacy because the state allows for the formation of anonymous LLCs, meaning that the owners' names and addresses do not need to be publicly disclosed.

This waiting period allows for the following:Payments to clearAny disputed sales to be settled in courtDelinquent taxes from previous years to be removed from the property record The redemption period, which allows the original owner to redeem the property, is usually 90 days, but can be up to 365 days.

This, in and of itself, will allow you to market it and sell it for more.

We don't allow the tenants to do or order maintenance, but we have been in this position in the past.