So I get that "lag" almost every time, plus I deal with our corporate bank... so they always have that lag. 

It is the interest rates at which banks lend to each other and is short for Secured Overnight Financing Rate. 

So if he were to rent it out wouldn’t that show up on his taxes and say if the bank finds out and is okay with what would he do with it on the tax side of things would he report it as soon as it it’s in service or what would he do for tax purposes.

If youre wanting to make a cash offer, all I can say is that Ive never seen a competent seller/listing agent accept a cash offer without proof of funds, meaning a bank statement or similar document(s) showing liquid cash for closing.

Nevertheless, Jeff told me he thought I had a shot with this bank, and that I should go down and meet with the president.

The platform automatically directs our bank to ACH distributions to investors when income is received or an asset is paid off or sold.  

You are selling the wrap mortgage to payoff the lien (that you owe if you were the seller on a wrap).Probably 80% of the notes we buy we have a payoff to an underlying 1st lender where the seller on the seller financed note still owes money to a bank from when they bought the property.

All but one of the family members are on board, and we collectively own the majority, but it's 55% and the bank requires 60%.

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.

Quote from @Chris Seveney: @Jay HinrichsWhen I looked into it - I viewed it more as those who teach infinite banking etc (note that is not what tardus does - they teach what they call income snowball)Similar to infinite banking - it’s a strategy and you pay to learn the strategy - but whatever you invest in is up to you.