Obviously each deal structure can be different based on the specific deal, we are just looking for some ideas as we haven't done TIC structures before together.

The PM keeping the entire late fee is a common tactic in our industry and part of the reason PM's get a bad rap.

I thought I mentioned SoCal but it's San Bernadino to be more specific.

I am new to the game and just looking for a good spreadsheet to analyze deals, single family homes specific.

My intention is not to boast but to inspire and share the significant impact that BiggerPockets, especially Joshua Dorkin and Brandon Turner, have had on my life.I first encountered BiggerPockets at 23 while enduring long 14+ hour days as a pipe fitter on hydroelectric dams in northern Manitoba, working 21 days on and 5 days off shift schedules.Although I was earning well for my age and educational background (I barely graduated high school), the job was unfulfilling and almost toxic, mainly because of the dynamics with the associates in the industry.

They need to make before they lose money or even worth marketing the asset for youI don’t believe at all this is like McDonald’s, it’s more like calling an electrician to change a light bulb, there will be a travel charge // min charge for someone to come do a specific job.

How many specific questions did you ask?

I've reached out to the City of Winston-Salem to gain more information on tiny house regulations since there was not much to be found online.Thanks!

hey @Shaydon Childersmost responses are right, this will be challenging for traditional DSCR as they dont like gift of equity; and seller credits would be capped (usually at 2% of your purch price) and only allowable to be applied to closing costs. i have one lender (specifically for 1-4 unit investment properties) which will allow for up-to 90% CLTV... and they are okay with seller financing so long as the seller is in 2nd lien position, allowing them in first lien position. they would max at 75% LTV on their 1st, with a 15% allowable seller-carryback (90% CLTV), and then up to 3% seller credits toward closing costs too. they offer 30 year fixed rates, however, due to the added risk for the lender, the rates are going to be much higher than the traditional DSCR loan.

Lenders face far more regulations when lending on owner occupied properties which may limit your options.