We get short but strong rains.

We are looking for strong relationships moving forward in various markets that can allow for mutual success as we continue to expand our portfolio. 

And the money is gone... all spent on super strong margaritas on a tropical island.You can say that the bank can track down the original guy they lent the money to, and go after him.

I would strongly suggest consulting with your tax advisory. 

The only thing is that I lack a strong established history in credit.

Both are financially strong ( all of our investors are accredited) and have other relationships with the banks.There are also some smallish private equity funds that will lend at interest rates in the 8-9% range on portfolios of notes, minimum loan size starts at $1,000,000 with 60% max LTV.In both instances the lenders want to see the quality and performance of the underlying notes being used as collateral.

I strongly suggest that you check the state and local laws before buying it.

I assume last year to this year but the lender who sent it to me did not specify.Here is another map showing the hottest seller's markets across the country (Vegas being one of the top rated sellers markets.)The map depicts each state's real estate market on a scale from very weak seller's market to strong seller's market. 

No one has a crystal ball though so it is difficult to predict further than say 12 months or so (which still look strong).

We tell her to file with renters insurance, which is strongly encouraged by lease but not required.