Based on the numbers seems like it was a straight forward conventional loan...any challenges?

I know of several DSCR and portfolio lenders who offer different terms based upon your situation.

Just some notes to consider based on what your unit is like. 

and are you certain that the appraisal is based on AS IS value and not subject to value (ie value after repairs)? 

I am wanting a LLC for protection as well creating it separate from myself I would like to be able to build business credit and not have any based on my personal credit and I understand there is some tax savings using an LLC

Are you both friends and have unique skill sets and are breaking up the duties of investing based on those skills?

Onslow County is home of Camp LeJeune (Marine base) so there is always a big need for more LTR rentals.

. - For Private Lenders:- Vet investors based on their experience, reputation, and past performance. - Clearly define the terms of the partnership to avoid misunderstandings. - For Both Parties: - Use legal agreements to outline roles, responsibilities, and profit-sharing. - Communicate openly and regularly to build trust.

I’ve been a member since November of 2024 and my review of Rent to Retirement was based on my experience purchasing a rental from out of state which went very well compared to other experiences I’ve had to go through.

My capital continues to be completely tied up in the property since I'm pretty maxed on my LTV and likely can't unlock any more equity with a HELOC or something like that.The goal of this project was always meant to be a short term exit so I could continue to try and aggressively grow my real estate portfolio, but now it feels like I'm stuck at first based.