However, it's crucial to verify with the specific lender, as policies can vary.Regarding recording a lien, if the lien is recorded, it formalizes the debt and provides legal protection for the lender, which might be required by your private lender.

In the case of a syndicate, the LLC and its operating agreement help to formalize the legal relationship between investors.

Quote from @Cameron Green: Thomasina, I have a MTR property I have in Cleveland, just across the border from Cleveland Heights.

We do have an attorney working as our RA in WY as well.Thank youKeri You could always look into a "purely online" bank as well, that way state borders would not be an issue.

A lot of good opinions on here already but I figured I would share mine.I don't personally have any short term rentals in NH or Florida but do have one just over the border in Southern Maine.

I see that you are a lender - any input about getting financing as a cross-border investor? 

What often happens in more of a "I have a client that would be willing to sell at ____ terms/price but he doesn't want to formally list the property, does anyone have a buyer for something like this?"

I don't do any formal pitch deck.. 

It seems like your current PM is bordering on negligence by not only failing to get these repairs done/keep the property in shape but by failing to even bothering mentioning any of these things to you!

We wouldn't start custom coding without a formal agreement in place.Your monthly or yearly spend isn't a determining factor for us.