The backstory or all this other nonsense that people talk about.

The subdivision goes from 150k to 1 million in price.If your friend owns other properties that are trophies I would definitely cross-collateralize some or all of his other properties and get a personal guarantee.

.—(1) The commission may deny an application for licensure, registration, or permit, or renewal thereof; may place a licensee, registrant, or permittee on probation; may suspend a license, registration, or permit for a period not exceeding 10 years; may revoke a license, registration, or permit; may impose an administrative fine not to exceed $5,000 for each count or separate offense; and may issue a reprimand, and any or all of the foregoing, if it finds that the licensee, registrant, permittee, or applicant:(h) Has shared a commission with, or paid a fee or other compensation to, a person not properly licensed as a broker, broker associate, or sales associate under the laws of this state, for the referral of real estate business, clients, prospects, or customers, or for any one or more of the services set forth in s. 475.01(1)(a).

The product you're talking about MIke would most likely be an AIO or all in one loan.

@Jayson Greenblatt  on SFH usually tenants are paying most or all utilities. on APT water sewer, & trash is usually included in the rent.

Very rare to have anyone that can speak to lending on gas stations or warehouses or all of the other things that fall under "Commercial".  

Picking up the property in distress and fixing it up offers an opportunity to get some, most, or all of your capital back at the refi table.Here is a very simple deal to play out how it works. 

.), and then when the potential tenants called in, I would speak to them for a few minutes, explain the requirements, get some sort of verbal confirmation on some or all of the requirements, and then invite them to different showing times I had set up.

Too soon to probably see exterior evidence, but it’s obviously traveling in a cavity to the wall above the header/ drywall exposes moisture quick.

If you don’t meet these requirements and haven’t yet sold your home, you might consider delaying a home sale until you’ve satisfied the necessary use and ownership tests, he adds.If you rented out your primary residence for a period before a sale, however, you may lose a portion or all of the exclusion, McGuff continues.