Out of our 22 MTRs we're managing, 6 are currently rented out like this.

I'm getting to a point where I might want to pursue a lender for future investments but am trying to understand how these lenders choose people to work with.These types of lenders are called "Hard Money" because they are not betting on the borrower. 

Lets look at foreclosures, and short sales....... smh

However, many lenders and insurance companies are tightening restrictions and premiums for these types of properties.

On the advice of the fireplace guy who did our last cleaning/inspection, we sanded down the brick inside and painted it with the high heat black paint, and it states in the lease that they may use a fireplace-style candelabra if they'd like, but any other use will trigger all the rules in the Fireplace Addendum.   

I also think that if I can make all of my money back in 4 years with a cash out refinance, what is the danger?

Work currently in the accounting field and I’m a licensed CPA in the state of Ohio and West Virginia. 

What is the realty of converting a new Warehouse build into apartment spaces?

This is why I stress the importance of knowing the laws and the strength of the legal system before investing in a particular market.

Period.I love my family, BUT the stories of issue with family doing business with family are ubiquitous.I hope all goes smooth for you and everyone is happy, BUT......My 2 cents,Mike