Hi Y'all:I'm exploring the possibility of getting into Transactional Funding and would love to hear your experiences from both the lender and borrower perspective.

Most of the replies have been to get a PM or put systems in place, but I'll share another perspective.

It’s awesome to hear how much thought you’re putting into your next purchase-it’s clear you’ve got a great perspective as both an experienced traveler and investor.

A strong online presence and fresh marketing are how you dominate the market.

Or just stay where you are with that current perspective that keeps you from being in the know.

When you go to sell, Montvale requires a certificate of occupancy so this issue has to be resolved in advance of a sale.Although I am not a lender, I assume you will not be approved for an owner-occupied mortgage on 5-units if it is a legal 4-unit without some type of mortgage fraud whether in reported rents, units, or another legal document or representation (very very large issue from a legal perspective with multiple arrests in the last year for anyone playing fast and loose).As far as the DCA, I would recommend coordinating your work with the city with the DCA.

I can definitely see how going 100 miles south towards San Diego can give me greater perspective into out of state flips.I can agree to disagree that the best contractors are not found on yelp.

It’s great to hear your perspective on appreciation versus cash flow—it’s something I’ll keep in mind as I refine my strategy.You mentioned local meetups in Northern New Jersey—do you (or anyone here) know of any good ones closer to Somerset or Middlesex counties?

It's always a personal choice everyone has a different perspective.   

Just my 2 cents.Hey Scott,I don’t disagree with you at allMy perspective is shaped by what I know best: Housing.