Lemos: Quote from @Jay Hinrichs: well there is a few ways you can do that.. and Assignment gives the world notice that you own your % as its recorded at the county recorder. 

However, once you have a relationship built up and solid track record with your private lenders, you should be able to also do 2nd (and even 3rd position).

Supply will be a Tale of Two Halves: In the multifamily sector, we will see another year of near-record setting supply hit the US.

We give our proven tenants some slack when they are upgrading since we already have a proven record with them.

We wrote into our purchase agreement that a separate septic agreement needed to be drawn up and attached to the recorded deed for all future owners which protected us and the other home owner,  and will make it easier to sell in the future with that in place. 

Most hard money lenders base their terms on the deal’s equity and your experience, so with a solid flip track record like yours, you should be able to find better leverage — especially if the deal has a strong ARV.What's the ARV on the property?

Prices a few years ago were based on expectations of (in addition to interest rates staying low): - Then current operating cost assumptions (like insurance cost expectations being flat)- A seeming disregard for record levels of new inventory / supply hitting the market- Extremely high inbound migration expectations which are likely to not be met, due to both natural disasters and the boomerang effect when people from California or the Northeast move to the American South and hate every minute of the humidity, the large and relentless swarm of insects, and the occasional hurricane. 

The Detailed Engineering Cost Approach is generally used for newly constructed commercial buildings.DETAILED ENGINEERING COST ESTIMATE APPROACHThis approach is very similar to the Detailed Engineering Cost Approach, with the difference being that if there aren’t records for specific costs, an estimated cost is used rather than the actual cost.

I feel like a broken record on here, but cash flow with 20-25% down on a long term rental is kind of a myth.

I recently did one where the lender did allow it but that was because of our position as a great customer of the bank and our impeccable credit record.