Originally posted by @Drew Sygit:100% agree with @Jay Hinrichs!

Originally posted by @Henry Li:@Brent Olsen@Bob MaleckiI just invested 10k the minimum to test it  out.

However, you will have PMI for life of loan most likely and there are usually higher premiums to originate FHA loan.

I was originally told I would have tenants in place before closing and I missed my commercial loan was partially based on this. 

Hi @Sumit B.To start off, Cape Coral does have a 7 day rental minimum, however, this is an ordinance that pre-dates the STR industry and was originally targeting transient housing. 

Starting a hard money lending company makes sense to me since I have hundreds of contacts in this business that I've built relationships for years, as well as it aligns with my origination background. 

The payment method in the original post of this thread sounds like a half scam!

The note investor who thought interest is paid on the original principal rather than the unpaid principal balance.  

Compare origination fee and rate mostly.  

Originally when they were known as FlipOS, they would split up the interest payments,so I would pay the remaining amount for the month the house was purchased and then the remaining balance on the sale of the home to them.