@Karin RecaldeWhere are you in the process now?

I would love to hear how you all approach this process.

You'll find much greater difference in $$$$$ by refining your location/rehab/vacancy strategies instead of worrying about "how much it costs to borrow money" in this environment.Nearly all of my clients are more concerned with a simple and headache-free funding process, than the "lowest rate."

But what is really important is that you understand the terms of the loan, including the length of time and when you can expect to get the money back, how it is secured, and the process of getting it back if things don't go as planned with the investment.

The process to build everything out for clients takes longer then anticipated, but once done they're great sites with software to help manage marketing.

This would be an easy decision however I do not think you can come close even with you being active in the process.  

The best strategy I seem to have deployed so far was to contact all my current tenants and let them know I’d give them a cash referral fee of $250 for anyone they recommend to me that goes through the vetting process and successfully moves in.

Has the title shows I’m about to start the process to gain my real- estate license.

The process is a lot easier if you find the right agent.  

Is it worth it to go through the proper process with the city and run the risk of a huge expense to make this a 3rd unit?