Why would you put someone in HomeReady for 2-4 unit when it has the same LTV limits as vanilla Fannie Mae, income limits in many areas, standard PMI coverage at those LTVs, wont do high balance, the same rental income guidelines, requires the framework course (which anyone can take anyways), et cetera?

This can be done through Podcasts, Books, and Mentors you find by networking.I'd pick up a copy of Set for Life by Scott Trench as it has a good framework for financial independence, especially for a newer investor.

This can be done through Podcasts, Books, and Mentors you find by networking.I'd pick up a copy of Set for Life by Scott Trench as it has a good framework for financial independence, especially for a newer investor.

And document(s) need to be drawn up alluding to that fact.Oh, and I better know you like the back of my hand, or else I'm not going to do it.If this guy wants to take the time to "lay out the framework" and you get your answers from it, then great.

Everything including much of the framework had to go!

@James Scott Before you can start to set up the legal framework, there are various issues that need to be addressed.

Howdy BP people, I'm looking for anyone who has "been there, done that" with private money lending, and has put the business framework around that activity.

What should the framework of that meeting look like?

Working without a good framework will likely leave you feeling scattered, and lacking direction.

This is a judgement call as there may be no legally defensible framework to define a specific period.