After living through the GFC and the shrinking market for local banks, they saw an opening in the market for what they call "consultative banking" like they had years before and decided to start a bank.

Start by asking for a pre-approval letter from their commercial lender—it shows they can secure financing.

Quote from @Jackson Harris: Hey Kai'ler for our STR portfolio and what our investors do is start getting it listed on Facebook/Zillow rental/Furnish Finder/etc now as a LTR for that time period you're talking about.

Minimum loan amounts vary, but the product we work with most often starts at $500,000.

I know that this is a big risk property but I believe that it has the potential for high return if I can get all of this permitting and renovation work figured out on the front end.I'm just looking for any advice on how to cover myself on the front end prior to making an offer and how to expedite the work so that I can get renters in and start recouping on the investment as soon as possible.

When I first started out, I was insuring everything with USAA.

If you just hire the cheapest or first PMC you speak with and it turns into a bad experience, please don’t assume ALL PMC’s are bad and start trashing PMC’s in general.

BiggerPockets is full of resources designed to help you along your journey, whether you are just getting started or a seasoned investor.

Start by networking at local meetups and connecting with investors, agents, and property managers.

. :-) I don’t have a coaching program I’m selling either.A little over a year ago, I started a thread about who was investing in their health.