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 $2,500 minimum fee)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 Weeks)NO PRIMARY RESIDENCES, NON-OWNER OCCUPIED ONLY, BUSINESS AND COMMERCIAL USE ONLY.

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Most hard money Lenders can't give you final approval without the property because they do an analysis to determine what their risk is. 

You may want to see if each partner has enough passive loss carryforward to offset the gain.

Quote from @Jeff Calcaterra: We have a potential tenant new to the area who has gone through a paid background check, signed a background check authorization form, sent us a LinkedIn profile, sent an offer letter and says he is willing to send us paycheck stubs, but says he doesn't want us to call HR to verify employment because he is supposed to have found housing already.

How are you coming up with that much larger market rent for all those units?

Thanks- Robert very challenging to wholesale commercial properties as there are a lot less than residential and most are more complex and sellers typically go through brokers and the buyers are more institutional as well.

(Easiest to check and cheapest to fix.

Quote from @John O'Leary: Hi Joe,We’ve worked with several PadSplit investors to secure financing, and while these properties cash flow really really well, they do come with challenges—tenant turnover/issues and being the biggest ones.One hurdle we’ve seen is that getting financing can be tricky since PadSplit rentals are still considered non-conforming by most lenders.

Quote from @Donyea Jenkins: If an employee told me he wanted to be a 1099 and have his wages sent to his church and they were going to take care of his needs, would the employee still have to pay takes on his wages?