Personally I am thinking 1c.

If the home was still your primary residence throughout 2024 and not actively listed for rent, it would typically remain classified as a personal residence until the lease began.

Recently had a conversation with an MLO who had their license with Company A (NMLS regulated) and then on the side, this person conducted commercial-only business loan-related activity by starting their own LLC (company B) in the states where no mortgage licenses are required.

Personalizing your message to the individual recipient is the best way to avoid this.

I have arranged for Servpro to take a look at the property in person to give me a quote for this job.

We want to detail the responsibilities, capital contributions, profit and lost sharing percentages, decision-making process, have dispute resolution methods, and exist strategies.

From there, you can move on to the BRRRR method with single-family homes—buying undervalued properties, rehabbing them, renting them out, and refinancing to pull out your investment for the next deal.

For comparison, a Navy Federal FCU personal loan will be in the 15s%

I used $80k to pay off personal debts and $50k to remodel it by myself with my two hands.

You will quickly find, as you generate local person-to-person relationships, how many opportunities open up!