Most work like this: Rates: 9% to 13% (Most Deals are 11-12%)Terms: up to 36 Months (Most Deals are 6-12 months)Fees: 2-4 points(%) of loan amount paid at closing (Most Deals are 3 points(%))Minimum Loan Amount: $50,000 (For loans less than $250,000 $2,500 minimum fee)Max Loan: 65%-70% of After Repair Value(ARV)100% Rehab Financing Available (Require 20% of purchase price down payment or cross-collateral)Closing Timeframe: 48 Hours - 3 Weeks (Most Deals are 2 Weeks)NO PRIMARY RESIDENCES, NON-OWNER OCCUPIED ONLY, BUSINESS AND COMMERCIAL USE ONLY.

I would greatly appreciate any guidance or advice starting off with this business model.

after alot of procrastinating (like since I started this thread) I was pushed to write a business plan for my dreams in RE and Architdcture.

You will get a ton more business, and their fees are easy to make up for...

But guess what, rates WILL drop in the next few months/years and most markets will explode after that IMO.If I had 25K I would look into B or B+ (specifically with schools above 5 greatschools rating, and moderate to low crime rate confirmed by heat map and frequenting businesses there) areas within 25 minutes driving distance from my home for a SFH. 

In all seriousness, if this is the start of a budding STR business for you, your parents should understand. 

Heck even culinarily the restaurants that are popping up are impressive (which I take as a great sign of the people and businesses that it's attracting). 

It makes lead management way more efficient since they get to focus on people who actually want to do business. 

This lender is probably in the residential niche and is trying to get your business for a loan.

I'm self-employed and did not know if my business was going to be shut down due to the virus.