Many contractors get burned by property owners and getting paid through the lien process is no fun at all.Another thing to think about with GC’s asking for a large deposit is their ability to be in it for the long haul and to potentially handle multiple projects simultaneously.

It was more lucky than good and says very little about the sponsor's abilities. 

@Fakaradin Floy as mentioned landlords in alexandria don’t need help renting units right now and will not risk arbitraging the unit that is solely based on your ability to rent the unit when you have no experience and will most likely take no responsibility for damage.Am

That was not acceptable to us as projections wouldn’t tell us how the company or portfolio of companies have been performing to date or give us any confidence in the degree of certainty with their ability to repay the note.

I allow pets on a case by case basis that way I have the ability to say no to a pet I do not want. 

However, between the work-from-home ability and the recent crime spike in D.C. post covid, many businesses have moved just outside the city to areas like Alexandria and Arlington, which in their own regard already had thriving business environments.This macro trend, along with the massive amount of economic and infrastructure development happening in Alexandria will lead to massive rent growth and home price appreciation over time. 

Depending on your estimate of the ARV and the ability to raise the rent on the 1BR, this looks like a "lendable" deal, IMO. 

One of its key features is the ability to pull comps quickly while ensuring the data is updated as fast as possible.

Check with your tax professional about your ability to deduct the interest on a HELOC from your taxable income.2.

I can see where the bank may be unwilling to make a loan to this particular borrower, or that this borrower may be unable to find anyone to finance them, but financing the purchase of a note is possible.The borrower has no ability to allow or disallow the sale of the note that's backed with their loan.