But your right this lender was very hesitant as i mentioned i wanted the funds to buy another investment and or hold as an emergency for when something pops.

I believe one way to help combat that is buying a newer home or even new construction (which most are offering great incentives right now).

Investment Info:Single-family residence buy & hold investment.

I would like to purchase my second property and plan on buying another SFR in the same area.

For some reason I only see 5 or 7-year target sell, perhaps there is a reason no syndication want to buy & hold forever?

Investment Info:Single-family residence buy & hold investment.

Do you think we'd be better off selling the property and buying some land to build on elsewhere, or should we clear this?

When you agree to let a dog run around in your yard, chances are it is going to poop there, sooner or later.

Also I could be wrong but I think to legally lend in OHIO one needs to be state licensed and NMLS registered.. again could be wrong but I know we are setting up a very narrow niche lending platform there for foreclosing buying and I got recruited because they need my license to be legal.Now for the private folks who only do a few loans and don't hold themselves out as lenders like you obviously do there is usually a carve out.

There are numerous state and federal laws related to buying and selling mortgage notes as well as originating mortgages/contract for deeds etc.You have Dodd Frank as well as numerous other consumer protection laws that you have to deal with.