@Margaret Dreesen1) You typically cannot use the SD to cover damages while the tenant is still living in the property w/o the tenant's written approval.2) Even if tenant agrees, not a sound business strategy as now you have nothing to cover possible damages when tenant moves out.3) Filing a claim on your own insurance is also business-foolish, as now your claim will track you in the insurance world for about 5-7 years and if you have another claim - may lead to cancellation or spike in premiums.4) Tenant is 100% responsible for the damages!

Your "business plan" sucks.

One thing to consider is the value of the business / Business assets.

Private money is a proven way to capitalize portfolio growth but creates another business to administer.

I am acquiring an assisted living home (RE+business).RE appraised for $1,320,000Business for $80k.I have the RE portion already financed through banks but am needing $80k for the business to get the deal done.I’m looking for $80k short term loan for at least 6 months so that I have enough time to get a more stabilized business loan.

Our long term goal is to become a business and own several rental properties.

The loan is the cost of doing business. 

That will usually be ready the next business day.

Would you want to do business with any kind of business that us purposefully trying to hide who the owner is?

Possibly incorporate a business.