Most private lenders aren't rate sensitive, but are rate conscious.

It is possible there is a malfunction that short cycles the system, or, the tenant is just overly sensitive/demanding.

I find that at least for me personally, I understand things the best when I can sink my teeth into them myself.

I would rather see you cut your teeth on a much smaller project and learn from your mistakes.

And when pulling comps especially now we're ultra sensitive to sale date.

There are other strategies/alternatives to 1031s which arent as time sensitive

I would like also to be able to have sensitivity analysis on key variables such as rent, vacancy, interest rates, expenses, taxes, rehab expenses.. etc.

Regarding larger multifamilies- Im; tempted to say yes on looking at the larger multifamilies but in this case I say get your teeth cur on the smaller multifamilies and then move up.

It depends on your credit profile and needs.A quick run-down of banks vs. private lenders:Banks- Lower cost (interest rate, fees, points)- Possibly lower leverage (LTC/LTV)- Need to find a bank comfortable lending on SFR fix & flips- More stringent underwriting processes- SlowerPrivate lenders- Higher cost (interest rate, fees, points)- Possibly higher leverage (LTC/LTV)- Less stringent underwriting processes- FasterIf you’re a creditworthy, cost-sensitive borrower, then you may find working with a local bank beneficial.If you’re less creditworthy and not as concerned about cost, then you may find working with a private lender beneficial.In any case, it probably makes sense to develop relationships with both types of capital sources if you plan on doing more flips down the line.Best,Michael

Obviously, it is not in my or the tenant's interest to go through the eviction process but my girlfriend is sensitive to the marijuana smell and I don't want my tenant's boyfriend to be conducting activities that is in violation of the lease.