Have your QI give you a detail lesson on 1031s and make sure you understand it.Pros:4.  

You and this private person you met hammer out the details of the loan at the kitchen table so to speak and you seal it with a handshake and your reputation that this Private Person already respects or whomever introduced has vouched for you.But if a man opens a lending company tomorrow with 50 Million of his own capital and he checks in on the HML market to see what it bears and he copies his products and UW guidelines and now is he PML or HML? 

It served us well, along with the other detailed information they could provide, to make an informed decision. 

They already have my records from the previous year(s), I’ve been a client for 20+ years, and I provide pretty detailed reports per property.

@Jared LyonThe devil is always in the details.

Yeah @Kent Fang ching, you detailed a couple of the strategy actions we are doing for clients right now in MN. 

Assuming it does happen, despite all the obstacles that I mentioned earlier, could you please clarify a few details for me?

I recommend visiting in person and getting to know Indianapolis on a detailed level, establishing a trusted team and meeting them in person (or at least Zoom calls). 

It's a detailed perspective on how private lending works, with practical strategies for building wealth through this niche.

Quote from @Bob Asad: Thanks for the detailed response.