We are now doing short term rentals but we're thinking about changing to a small wedding venue. 

No one ever figured it out .

My humble advice to anyone attempting to do creative finance is:Creative finance is for experienced investors who have access to capital if anything goes wrong.Learn the lawsDon't use a contract "off the internet", laws vary by state and are also regulated on a federal levelLearn the financing techniques correctlyDon’t skip parts of the processDon’t ever do a “kitchen table” closingUse the proper deedAn attorney can help you with the legal work, but the rest you are on your ownYour guru will not bail you out“Investing” in someone else’s deal by providing a small 2nd loan so the “investor” can pay for “cash to the seller” and for “closing costs” so he can do the deal is a very bad planKnow what problems can ariseLearn the responses and solutions to problems before they are neededKnow everything there is to know about Title and what that meansKnow who a "protected class" individual isLearn the "back doors"Learn human natureUnderstand timelinesUnderstand regulation enforcement (some of these "mistakes" have a 10 year statue of limitations ( they can charge you 10 years AFTER you do the transaction) and carry hefty fines and possible imprisonmentThe court doesn't accept "I didn't know" for an answer"Know that the source of the lead plays a serious role in some states and federallyKnow how much of a "profit" pushes the boundaries to invite an investigationYou can be sued by the seller if you don’t do things correctlyYou are automatically at fault if an investigator or attorney or regulator gets involved.

That term is generally used when zoning has change, such that it if the structure were destroyed, it could not be built back. 

Did you guys ever raise private money?

@Dominic Holt , I am happy to review your scenario and suggest changes that could improve your property.

Yea, I'd love to call and maybe change your mind with our processes 

That does not change if your rent is $600/mo or $1500/mo.  

Because they can't make a commission on it. Simple Truths.But you can make a ton of money, if you do it correctly.

I am trying to understand how that dynamic may change if I was sponsored by a broker outside of our office.