Additionally, there are federal and provincial regulations to which the note / mortgage must conform - we used one of the Big-5 bank's mortgage/note packages as a template.  

But if you don't feel conformable doing it yourself, it is not necessary to get someone licensed and bonded for this scope of work.

If they're not conforming to quite hours or some type of "respect" for other occupants you could try asking them to leave or possibly start an eviction process.

Also many private note holders don't use service companies as a third party to account for all payments.Also if you are considering private notes which were written on SFD's after 7/21/2010 make sure they conform to Dodd Frank.

You don't have to use conventional conforming loans to get started.

Afternoon All!

I am located in a great city in the Southeast. I am preparing to make an offer on a small condo to use as a short term rental property. This is a condo, located in the historic epicenter of t...

There are other loan options out there and Fannie/Freddie (or conventional, conforming loans) is just one of them.So if you are using Fannie/Freddie money, and you are buying your property entire in cash, then you will face some restrictions.  

Check out this block in my city, prewar rent controlled 56 units on the left, conforming 2 families on the right with 8 homes.

So, basically you used to do "conforming mortgages" but now you are basically doing private lending if I understand you correct. 

You should be able to secure a financing and mortgage agreement from a real estate attorney (do verify that it conforms with the most recent updates to lending laws and regulations).