Property is exempt from STR permitting because the jurisdiction considers it to be a commercial lodging establishment.We've been pursuing an SBA 504 loan for it, which was going well until we discovered that the sellers have operated it only part-time the last 12 years -- intentionally blocking 60% of available room-nights because they just weren't up for running it full time in their retirement. 

Two weeks ago I was offered the opportunity to play professional baseball for the Los Angeles Angels so I decided to pursue that because it has been a dream of mine.

This could be a strong option if you decide to pursue multi-family investing. 

As you pursue your goal of mastering the BRRRR method and building a passive income stream, consider exploring multiple markets and being open to how your assets might look.

They may/will not even look at the refi of a cash property unless you supply the HUD from the purchase which you do not have cause you haven't closed the loan.I think if you pursue this you are heading toward headache land and you may possibly screw yourself. 

Just be aware of the due-on-sale clause which is a risk when pursuing these types of deals. 

But in your case, I feel we failed.As a result, we have made some personnel changes and will continue to pursue our goal of transforming lives through real estate.I would be happy to connect with you personally, if you'd like.

However, if you move too fast you could get into the wrong property, or area, or not take into account certain expenses, or get a terrible tenant and you may say this real estate thing is a huge headache and not worth the hassle and you may not pursue it with as much vigor going forward, or worse throw in the towel altogether.

A serious, no-nonsense buyer should totally consider this.Interestingly, most of the people who pursue this route with us are extremely analytical types: quants at hedge funds, engineers, accountants, lawyers, etc...

The Attorney Generals office which was tasked with this, and already had a guidance memo that wholesaling was unlicensed brokering, did not have the resources to pursue the subject.So by requiring that the act requires a license, shifts the burden of enforcement primarily off the AG's office and to the MREC, who has a narrower of focus of protecting the public in matters regarding real estate.