If you're focusing on rural properties, sometimes local community banks or credit unions are open to these types of deals.

I’m just giving credit where credit is due. 

So is this just as simple as showing how much the property makes or do they also look at personal debt to income, credit score, reserves etc as well.

Run credit and background checks, actually call the listed referrals, and ask for bank statements.

Was the business credit enough to put towards a deal? 

This is a good opportunity in a strong market, and with your excellent credit and HELOC funds, you’re in a great position to make this project happen.

To avoid going through the same poor experience, keep reading.Even if someone gives you a referral here, do NOT make the mistake of assuming that the PMC will meet your expectations, just because they met the expectations of the referral source.In our experience, the #1 mistake owners make when selecting a Property Management Company (PMC) is ASSUMING instead of CONFIRMING.It's often a case of not doing enough research, as they don't know what they don't know!

- If the Association Fees are regularly increasing or the Association is poorly funded - SELL.3) How much of your TIME do you want to invest in all this?

Short term (12 months), low loan to value with borrowers who have strong credit and significant assets.

@Iris Olivas Most local banks/credit unions can do this deal with lower fees and potentially rates than brokers.