After giving up a $1,600/month lease I had for 4 years in Studio City, I moved twice and now similar apartments go for $2,800/month in the same area.

My experience is that the major platforms want two things1- sponsors with a verifiable track record of success in the same property type2- sponsors capital investment in the projectSponsors utilizing these platforms have a large "gap" to make up - that being the difference between the amount of capital raised and how much of that capital goes into the actual asset, vs how much goes to fees, costs, etc. 

Not that I am opposed to this with a company that has founder with nearly 30 yrs of wall street experience, but I would want to hear their track record and how honest they are about it, primarily.

So investors want someone with a long track record of reliable and risk adjusted returns.

I'd be surprised that you couldn't find several HML with that record, assuming you haven't defaulted.

I know it doesn't fully protect me for the lender calling the loan... but as far as recording goes, the seller would be the trustee so it would be his name recorded instead of mine.

I’ve had the chance to work on some exciting projects, including flips that sold quickly and even set some neighborhood records.

Additionally, if there is a recorded tenancy agreement, the ADU can be sold as an independent unit.

I got the deed recorded today and I'm going try to get the numbers from the state and reach out to the developer tomorrow and see what we can work out.

I asked AI and suggestions were to check government records and public records so I'll do that, but wanted to see if anyone here has other suggestions.