These same banking regulators required banks (which include Trust Companies) to hold reserves of safe assets.

Fast forward 20 years: I now have money in the bank, excellent credit, live modestly on my own, and run a business that’s doing well.Unfortunately, I wasn’t able to save much for retirement during most of my life.

Once you hit a certain number of loans (check with your state dept of banking and finance or dept of business regulation), they might require you to have a license.

Brett,I have never heard of that company but any reason why your not using an FDIC Bank or well known lender? 

If comps for a 3 unit property are in the 950k range, then that is what it will come in at.The revenue from the STR will have no bearing on the value of the property itself.People argue about it from time to time, but I spoke with 10 different lenders, banks, credit unions, private lenders, etc etc and they all said the same thing.

I financed this property using down payment funds from 403B and a local commercial bank.

You can talk to the bank about a loan; however, my bet is they will want some form of contract and scope of work and will only pay him at set milestones.

People have to remember that the seller finance space fills the gaps that the banks leave behind. 

When loans were called, was it due to specific triggers like delinquencies, insurance lapses, or low-interest rate portfolio loans held by smaller banks?

The new teaching were something like 50 ways to swindle a homeowner out of their equity; search there garbage to find bank statements indicating how desperate they are; trash talk the property telling them no one except you would buy it and low ball them; have an associate or 2 go by, look at the house, and point out structural deficiencies (just make them up even if they don’t exist).