Did you end up using them - talking to them right now - and a little nervous to pay the engagement fee.

I'm an Asheville STR owner and a broker on the Cashiers/Highlands Plateau.

Hi Simon,Scaling from single-family to multifamily is a solid move, and a 10-15 unit building is a great next step.

These are professionals with additional training and a stricter code of ethics.

And a lot of old school GCs may not have the ability to take a CC and may not care to learn how to...Main question is: why do you want to do this?

@Jonathan Blanco, I'm and investor and a licensed mortgage broker so I've been on both sides of this conversation.I would look for a lender that (1) listens to you and understands your strategy and needs (hint: it's not always money), (2) has experience working with clients executing your strategy and brings more to the table than just cash - be it advice, relationships, deal-team partners, etc., (3) gives you viable options and explains the pros and cons of each option and (4) you enjoy interacting with - this should be a relationship, not a transaction.Once you find a few lenders like this (and you should have relationships with more than one), then you can start comparing rates and fees.

There is no real reason to use illegals, there's just no real benefit to it and a lot of downside.

Five bullet points AND a graph.

Congrats on finding a property and a willing seller!

As far as resale goes, you see less competition and a higher certainty of long-term appreciation.