I've been listening to the bigger pockets podcast for approx 3 years now, and was finally able to pull the trigger and finance my first multifamily property.

Hair dressers “rent their seat” in salons all the time.Now a residential property owner may not want their property used as a quasi hotel, but suggesting there is no reason that someone could do something absurd like leasing an asset to use in a buusiness is rude and demeaning.

Other risk-reducing factors—if the note is collateralized or includes features that reduce the element of investment risk, the note is less likely to be deemed a security.ericperkinslaw.com/when-does-a-private-business-loan-transaction-trigger-securities-lawsv/

@Ryan Donohue Yeah, I guess I'm a little surprised that so many folks are triggered on here about the idea of bringing in $30k/month.

It requires revision of the stated principal of the loan, triggering specific rules known as OID - original issue discount.

The "public marketing" of these will probably be triggered the minute someone mentions an off-market property for assignment, whether that's online, email, phone call, etc.

They all said the their 2nd home loans, without exception, trigger a due on sale clause if the property is moved to an LLC.

Pull the trigger :)

You need to talk with a lender about your particular scenario before pulling the trigger.

If your current floor was peel & stick, you could easily use a hair dryer to soften the adhesive of the damaged tiles, lift them up and drop in new replacement tiles.