Typically, borrower cash outlays amount to a minimum of 10% of the loan amount for purchases (sometimes less for refinance loans).

Typically, lenders will pursue personal guarantees when the LLC is unable to fulfill its obligations, such as missed payments or defaulting on the loan.

What is the typical furnish cost per room for STR?

Can a Florida realtor receive a referral fee from a New York realtor or broker? 

Those properties typically only attract undesirable tenants.

As a result, I received early notice he was looking to sell.

I think Rob outlines a pretty good plan of attack, and typically you will triage a property.  

Typically we are known to be landlord friendly, but things can be a bit trickier on renting bedrooms vs individual units.  

@Amran MusaidYou need to to ask the seller as typically seller will only be in first position and not take on a second - so before going to deep down the rabbit hole this is something you will need to understand

@Michael ArnoldHard money is typically interest only over a short period of time.