I have mostly heard about LTRs specifically in Indiana, Alabama, Texas, Michigan, and Ohio but I am open to hearing anyone's experience anywhere.

Let me know if you have any specific questions, and I’ll be happy to answer!

Quote from @Kristi Kandel: Quote from @Jay Hinrichs: Quote from @Kristi Kandel: Quote from @Manuel Angeles: When developing affordable housing in California (more specifically Los Angeles), how complicated is it to raise capital using subsidies?

To clarify, I didn’t invest in a “fund,” but rather purchased a note for a specific fix-and-flip project.

@Justin Landesman's comments are critical about not funding without being on title and/or having a written contract about the distribution of profits.How much do you think the rehab budget is?

If you’re unsure about which specific account to choose, ask a local CPA or banker, since every situation can vary.

If it's a massive budget, lenders may peak in a bit more, but definitely doable. 

Here are the specifics on our Seattle house: 5br 4ba 3,400 sq ft, built in 2019, $1.7M est sale price, $5.5K-$6K/mo est rental value, 4.0% mortgage with $3.3K monthly payment, around $1M in equity. 

Having a 15%-20% contingency in your rehab budget can be a god send!

Specifically, must this be a commercial/business loan type where you have higher rates and shorter loan life or is there an alternative loan type?