(This is the tip of the iceberg; I would prefer to chat with members than fire lengthy messages back and forth.)1.

Also, I'd add that any second position debt, preferred equity, or their brother's, sister's or cousins in any shape or form are at #2 on this list, in really any asset class. 

Since the distributions are from a preferred return they are not guaranteed payments. 

The PMC I left to start my own PMC had at least 2 "preferred contractors" related to key players in the office so high rates and poor service fell on deaf ears. 

I prefer it that way too as it aligns your incentives to maximize revenue. 

While I always prefer to do deals with local, responsive agents.

Hi, We're looking to invest in properties in Detroit preferably with the BRRRR strategy. 

Hey @Brad Roche - We do a significant amount of renovation loans (both Fannie May & FHA) here in Chicago and prefer the Homestyle loan only because it's less stringent on the borrow about what they have to repair, and they provide the general contractor a material draw at closing which helps the project start on the right foot.I thought the minimum down payment was 5%.

I'm an independent agent here in AR and I write a lot of rental property, with ~6 preferred markets and if the properties have some issues, age, claim history etc.

Ps — I think I prefer SFH value add vs Multifamily house hack.