What makes you think I've failed?

That is predatory and not good business practice but some banks think they can get away with it especially with new investors.

The first series was set up in October 2018 and my bank, First Commercial Bank here in TX was willing to provide the loan and set up an account even though they were hesitant about it.

If you can keep your home data up to date and make the site user friendly your already off to a good start.Just do not become a lead generating platform when you do that you end up with a higher percentage of users who fail to return. 

**Credit Unions or Local Banks**: Smaller financial institutions like credit unions or regional banks might be more open to taking a second position, especially if you have a good relationship with them.3.

Bank rates have gone up which won't allow most properties to cashflow2.

Do you have to say that your analysis of house hacking fails to consider where you become a tenant in one of the units that has additional units that you rent to other occupants?

The reason is that we have a relationship with a regional bank that will provide financing and which if we limit leverage to 50% will (1) charge interest at their lowest commercial rate fixed for 20 years with no balloon, (2) charge 0 origination points and no “junk” fees and(3) allow us to sell the property with either a sub to or a wrap loan without increasing the interest rate - in other words no due on sale clause.  

I would call 10-15 local banks and credit unions and ask to speak to their business banker about business loans in LLCs.

Hey mate,Those PM fee's seem solid and transparent.Same as the reserve.If someone wanted us to manage a 24 unit, I'd ask for $5,000 in reserves as we as a PM aren't a bank.