If you buy a fix-and-flip property and use a hard money lender to fund it (your LLC as the borrower), why would the bank ask for a personal guarantee?

Are you looking to do more fix/flips?

Quick question on those who have done seller financing:- Buying a 0.3 acre downtown fort lauderdale multi family, negotiated an around 1M price w lot of development rights, double lot. seller got it way back early 90s for pennies- got good credit 800+, w2 job etc put 40% down and mortgage bank offered 6.62% 30yr fixed (CF negative as this would make current rent roll not too much compared to the PITI)- property is in ok condition, needs 20-30k repairs which seller OKd, and all 3 tenants are month to month, pay bit under market but also ok- seller would like to do seller financing, interest only at 5.75%, 30yr amortization at 7yr balloon (CF would be positive) - id be paying some principal as well, just to grow some equity- buying this deal for the future development of the area (las olas, kushner broward crossing) so not really worried even if we overpay for it now, but never done creative finance as i always relied on a strong W2 job to get good loans but obv im used to 3% 30yr rates from covid times not this 6+ environment..Goal is to hold the property 3-5yrs, and then actually develop it or sell half the land / refinance, pull out HELOC if it appreciates.Questions:1) What does he know that i dont? 

He had to reset the main breaker that turned off dryer, so it was a quick fix, but said it could prevent messing up appliance and having to pay more.

As it was mentioned before, fixing the celling should be a few hundred dollars.

Those couple of little small stress cracks  in the wall you took a picture of as well as the hole in the door are easy fixes.   

The agent usually get insurance from said once they fix the roof then I can sell you insurance.

Investment Info:Single-family residence fix & flip investment.

That can only be fixed by selling or dealing with it.

I don't necessarily follow that model anymore, but it was a great place to start.