Thanks I have originate many of these AIO loans for almost a decade so I am familiar with the products, the pros, the cons (nothing is perfect), the qualfications needed, how to utilize them, etc.I dont use the AIO personally however Implement a similar strategy manually using a commercial line of credit which is similar in that its based on daily interest (Rate/365Xdaily balance = daily interest cost).

I work in WA, not IL.Sounds like similar facts - you need to be licensed if you are going to manage other folks' property.Here, you need to hang your license under a managing broker until you can get your managing brokers license, as brokers can't touch money and do a few other things legally.If it's like WA, you will have to hang your license under a managing broker at a brokerage, and coordinate deposits, contracts, fees with them.If that is the case, ask some brokerages that will allow you to hang your license under them for minimal fees in order to be compliant.

I'd assume CA and WA would be similar.  

I had a similar experience a few years ago!

If you’re someone who’s doing something similar or have been in my shoes, I’d love to hear your story and the challenges you overcame.Looking forward to hearing from all of you! 

If you're both in and this is your best option, go for it.On the other hand, looking into multifamily buy & hold properties could yield similar results with less hassle.

Hey Taylor,If the numbers work, there are plenty that will.There are a few that might want to see similar jobs of that size that you’ve done, or some kind of licensure.

However, in this situation, it appears to be a pattern rather than a one-time issue.Agreed, I similarly accept additional evidence in some situations.

They call it a tribe, a family, or something similar, giving people the sense they belong to something special—often creating a tight-knit environment that makes it harder to question what’s really being offered.So, what’s the takeaway?

Any advice/recommendation/similar experience is appreciated.Aloha Jinxiang,  I would check with your insurance carrier anyway before filing a claim.