Wanted to see if anyone has had any similar experiences with credit unions or smaller banks that originate their own loan. 

These often have no PMI, reduced origination fees, lower than average 30 year fixed rate, and occasionally some closing cost credits. 

What happens to original security deposit from original 12mo lease?

Steve you probably thought of this but in your state you can be the bank without a license and with your very deep knowledge making new origination's for investors could be a very nice play that will keep you engaged somewhat mentally and returns should be 12% easily and for you extremely safe.

The primary test used to determine whether an instrument is a security is the Howey Test, which originated from the Supreme Court case SEC v.

Hi @Shiwei Qu, I'm originally from San Francisco myself and started investing in Ohio back in 2021 before moving to Columbus in 2022. 

We don’t know any PMCs to recommend in the area mentioned, but since selecting the wrong PMC is usually more harmful than selecting a bad tenant, you might want to read our series about “How to Screen a PMC Better than a Tenant”:https://www.biggerpockets.com/member-blogs/3094/91877-how-to-screen-a-pmc-better-than-a-tenant-part-1-services-and-processesWe recommend you get management contracts from several PMCs and compare the services they cover and, more importantly, what they each DO NOT cover.

You do not need a separate LLC for each property or a series LLC!

No google reviews yet they claim to have originated $40M since inception (nothing on website points to when that was).

@Scott TrenchPeople thought last year we reached the peak but reality is we are just scratching the surface as many deals that were in trouble were hoping for rates to come down have not - so it’s gonna get worse before it gets betterThis one seems sketch to me honestly as if original poster is reading this why wait four years ?