You will need a real estate attorney who does this sort of work, your CPA needs to be involved and it sounds like a lender.

I would love to be part of something like this, and I am highly motivated to get involved in real estate.Thanks!

I haven't done so yet, so I don't know what sort of credit limits I can get.

Sort of.When a lender agrees to a DIL, they will own the property subject to all other loans, liens, possible lawsuits, and taxes due.

I feel Ike they pivoted quite a bit in the last few years since city and subsequent county license requirements spurred an STR plateau and the motivations are a bit deeper and multi-purposed now.Take parallel economies, such as Uber/Lyft, the ONLY two TNC license holders in the state and each year pay an excise tax of a few hundred thousand a piece, if not more (just for the permit, not including the whats taken from drivers).

I have used hard money as a sort of bridge to longer financing, for example to fix a place up and stabilize it then move to a 30 year fixed product, whether that be conventional or DSCR.I do not think hard money is a good long term option as it is expensive, and STR's are long term investments in my eyes.

Some jurisdictions, like I think Miami, makes the homeowner take an assessment of some sort, but I don't think that's common. 

If you told him you have been playing pickup games for the past year and need help improving your jump shot, now he has evidence you're motivated and a specific goal he can quickly help you work towards.

I'm curious what your motivation is to evict?

For anyone who has read my last few posts; I've been struggling with finding funding for a deal in my pipeline.It's an incredible deal: off market, with insane value-add potential, motivated sellers, under market asking price, and the ability to cashflow $2k+ after rehab.