The reason for this is they should probably settle the estate quickly, vs some long term play. 

Chances are you will refinance again and being on a long PPP will be costly.Chances are this quote has some broker rebate, so find out how much is he truly charging you?

They have a good reputation from what I've seen but does anybody have a long-term track record with them in Memphis or Little Rock.

Why do you think purchase contracts are so long and have such small print?

The lawsuit you mentioned that was dismissed… I believe it was actually reinstated at the end of last year and is ongoing now.

Just last night I was having a hard time finding rent data on a smaller market and Googled *town name, apartments for rent, and got a few listings that weren’t on the main sites.

It's just that in this market deals are few and far between and I don't know when or even if I could find another deal soon.You are putting both assets at risk for a very long time.

Hi,I lent some money to 3 people last year as a private lender.

However, for the strategy to be effective, clients must ensure that they meet all the IRS requirements, such as maintaining the short-term rental for a sufficiently long period and passing one of the material participation tests (e.g., 100+ hours of active participation).2.

Lastly, have a real estate attorney review the contract to protect your interests and comply with local laws.