Other than that, the NMLS specifies no restrictions on the matter. not sure its NMLS who actually regulates it NMLS is just licensing registration I think its still the states that regulate..thats why you need  a MLO in a certain state then register with NMLS if you have a MLO..

Running the numbers on paper is one thing, but actually securing bookings at your target rate is another.Sounds like you’ve got a good handle on your market and what your guests are looking for, which is key.

One I saw charged $500 upfront to be pre-approved and would never actually fund any loans.

PS: I guess the best agent will be the closest to the actual price once you do your research!

They claim that their clients are seeing a large return on their investment but would love to hear from somoene who has actually worked with them. 

The 90% they are paying you back is probably 1/3 of what they're actually making by you committing to a deal.

Do you know anybody that is actually doing pad split that you could tag to this thread?

Roger that @Brandon Vukelich, but I don't see lenders adding STR revenue to the actual property valuation in the future.

I actually have very little comfort in Trusts providing much protection. 

Nope......i heard of it on a podcast though.i actually have studied banking and economics for the last year and a half.