I have meetings with my lawyer to discuss partnership contract and acct for the financial piece.Since this is extremely new, I am building a team of a contractor, broker, loan officer, accountant, Lawyer and investors. 

(look up DSCR loans)This is only the tip of the iceberg! 

Great tools that get updated regularly.I am on the lending side of things and would be happy to hop on a call with you anytime to discuss financial strategies and help answer any questions you may have about nearly any loan product available to help you on your journey, even if they are not products my capital partners offer.We are all here to help you learn and grow.

If you DM me, I can send suggestions.Yes, you'll want to record the docs after you execute the transaction.Also, don't self-service the loan.

Your best path is to work through your contingencies, provide loan commitment asap and then ask the seller.

Understand the basics of private lendingResearch real estate marketsDetermine your investment strategy and criteria for loans, including:- Amounts- Interest rates- Repayment termsCreate legal documents with a lawyerNetwork with real estate professionalsPerform due diligence on potential borrowers and their projectsBegin with smaller loans to gain experienceMonitor your investments closelyConsider joining a private lending group for additional resourcesStay informed about real estate trends, lending practices, and legal regulations

7.75 % for refi out of hard money into 30year rental loan.  179k total loan including 25k cash out.  2 points.  

generally, the best product you can use for a cash out refinance is a DSCR loan.

Also what are the interest rates on your current loans?

I also plan on applying my net rental income towards principal only payments to shorten the life of the loan.