That way you have a contract that is specific to your area and at the same time have an established relationship with an attorney in case anything ever comes up.If you want a boilerplate contract, I am happy to share some of ours, but they are more specific to Chicago/Illinois law.Here is a blog that we wrote on what should be included in your contract:This article is for educational purposes only.

However, once you have a relationship built up and solid track record with your private lenders, you should be able to also do 2nd (and even 3rd position).

Build a relationship with a banker from your home bank.

I dealt with evictions, unexpected repairs, and the ups and downs of tenant relationships—but I also made huge strides in improving the property’s value and financial performance.

Real estate's diversification and wealth-building potential make it a solid addition to a balanced portfolio.This post does not create a CPA-Client relationship.

First, deep relationships with people so that you know them well, they know you well, and relationship continues for many years.  

Building Strong Relationships: The Key to Property Management SuccessIn property management, success isn’t just about managing properties—it’s about managing relationships.

The interest values go DOWN over time while the principal values go UP over time.How is that NOT an inverse relationship?

Usually on commercial loans it’s 20%-25% down payment(relationship with local bank) rate between 4-4.75 (depending on your credit & debt), 20-25 year amortization (in small multi family it’s 20 & large multifamily it’s 25) and 5 year term (some banks do as long as 20 in Oklahoma).

Building good relationships with tenants and professionals while planning for future scaling opportunities can also help you grow sustainably.Good luck!