But we dont go down the chain to see if the roofer is paying his shingles bill though /  Having Subs you can trust is paramount in this business.. cheap is not always what you waant you want subs that are making money and pay their bills and have credit..

I normally advise that people start a business as a sole propeitor in their first year.If it is successful and something you want to continue, then have a conversation regarding entities.

Maybe I could leverage my other business but I don’t know the requirements for that as we do have outstanding loans already 

If they aren't doing much business/volume, they will send you a nice looking term sheet, and you will go through hell trying to get the loan closed.

I’m here to connect with like-minded individuals, gain insights from others, and contribute value wherever I can in the real estate field.

I have some exposure to real estate investing as I work as a commercial lender.

Quote from @Don Bessette: First, you need to realize this is a business relationship.

You don't know, what you don't know.Bigger Pockets is a great place to find a tax accountant specializing in real estate taxation.

You may be better off with a higher rate and the flexibility to access the equity in that property to grow your business or even bail you out of a jam.

I did work for a commercial real estate investor prior to jumping into syndication, so that gave me a strong knowledge base to start with.