Being new to this, I want to make sure my financing is solid.The offer:$75,000 Credit Line @ 5-6.5% interest$5,000 one time fee at refinance (no interest)If I sit on the money without refinancing beyond a year then an annual fee of $1,000 will be assessed, this one will accrue interest.I'm just curious if this is a good private lending offer or if I need to be seeking a better deal.

Will the preferred return be accrued and paid out prior to any split at sale?

When returning the security deposit to  the tenant in Maryland you have to include the interest accrued, which is the greater of the US Treasury yield curve rate or 1.5% per year.Who knew we’d have to do calculus to return a security deposit…lol.

We can take only what we need now, thus accrue interest only on that amount. 

Skills & Professional Highlight Reel: Active InvestorExperience with wholesale Experience with creative financingScore: ID on the DISC assessmentOut of State Investor Network (moving to a STR friendly city)Relentless Curiosity Skilled Problem ProcessorPrior Franchise owner (pre-covid)Extensive Sales Experience & trainingSOLOprenuer since 2012Decorated Athlete including a world championship title, multiple state and regional titles across several sportsAwarded the title of Top 20 Under 40 Business Leaders in my local area in 2018Interviewed and featured on the front page of 3 local magazines while owning my other business.What else can I be working on or highlight when speaking to brokers regarding my experiences?

Without a lien and promissary Note after the property is deeded to you seller has no legal recourse if you don't pay...Out of curiosity, how can you not get the full loan? 

EnforcementViolations to the standards provided in these regulations as well as other provisions of the County Code are subject to the civil penalties schedule provided in Chapter 8CC of the Miami-Dade County Code of Ordinances.Operating a vacation rental without a Certificate of Use is a violation of the County Code and the civil penalty schedule is as follows:1st Offense = $1002nd Offense within 24 months of 1st offense = $1,0003rd Offense within 24 months of most recent of the preceding offenses as well as subsequent offenses = $2,500Penalties accrue and a lien may be placed on the property if the fines, enforcement costs and administrative costs are not paid or the violation not corrected.

The interest you accrued can be applied toward damage.

Out of curiosity have rents in your market increased proportionally to the home prices?

Hey all,Just out of curiosity, are you creating an LLC for your rental property or just putting it under your own name?