@Steven De Lange - Congrats on your first investment in Myrtle Beach!

Hi All - My name is Jason Zang and I’m licensed realtor in MD, DE, and PA.

De-risk: Reposition the asset out of HOAs.

Quote from @Orlando De Los Santos: If i were to interview a Private money broker i would ask the following. 

Most work like this: Rates: 9% to 13% (Most Deals are 11-12%)Terms: up to 36 Months (Most Deals are 6-12 months)Fees: 2-4 points(%) of loan amount paid at closing (Most Deals are 3 points(%))Minimum Loan Amount: $50,000 (For loans less than $250,000 we charge $2,500 minimum)Max Loan: 65%-70% of After Repair Value(ARV) 100% Rehab Financing Available (Require 20% of purchase price down payment or cross-collateral)Closing Timeframe: 48 Hours - 3 Weeks (Most Deals are 2 WeeksWe have private lending partners throughout the entire United States that cover the following states: AL, AZ, AR, CA, CO, CT, DE, FL, GA, HI, IL, IN, IA, KS, KY, LA, ME, MD, MA, MI, MN, MS, MO, MT, NE, NV, NH, NJ, NM, NY, NC, OH, OK, OR, PA, RI, TN, TX, UT, VA, WA, WV, WI, WY.

I'm not an attorney, but having them under a holding company LLC seems like a risk of having a judge rule that they are all part of the same company de facto, and liable for losses from others.

Hi @Johnite Ryen Aguirre De JesusSorry to hear about your loss.Are you eventually planning on moving into the home?

Companies with a high debt ratio or poor d/e ratio--which are a lot of companies-- won't sustain living in a high rate environment. 

While the overall returns (all else being equal) to the LP are lower when the sponsor gets higher fees and carried interest, you are paying for a certain level of de-risking your investment.  

Thank you @Lindsay Op de Coul and @Andrew Steffens for the advice, very much appreciated!