You take a short class 30 minutes over the phone and once you finish this process you typically can save around 1% off your rate!

You will also have a credit on statement for pro-rated taxes due to buyer.  

For negotiations, it’s all about working out the down payment, interest rate, and loan terms.

I have a clause in the lease that says the security deposit will be held in so and so bank with so and so address and interest rate will be xyz.

Use a promissory note drafted by an attorney to outline loan terms, including an interest rate that aligns with IRS Applicable Federal Rates to avoid gift tax issues.

Hey Chris would love to visit.  100% of my business is helping clients in all 50 states with purchasing vacation homes/STR properties. 90% of my clients use the 10% down loan because the lower down payment requirement and rates/cost similar to a primary residence.

Mind you, it would be much less expensive to rent when you go there given the very low nightly rates due to the overbuilding.

Syndication A: currently paying "projected" distribution rate.  

However, consider the higher interest rates and make sure the rental property you’re targeting can cover those costs.

We were able to refinance with our go to bank at a decent rate in this environment which allowed us to pull out our initial investment and renovation cost.