Life happens though and lenders understand that so not every case is a red flag. 

Dillman (Author)Also, I've tried searching for a SIOR reading list, and found these three titles:Confessions of a Commercial Real Estate BrokerThe CFO's Guide to Understanding Corporate Real Estate TransactionsGo For Broker: An Executive's Guide to Hiring a Broker for Today's Complex Real Estate DealsAre there any other books you would highly recommend? 

Understand your tax obligations and fees to stay ahead of the game.Choosing the Right SDIRA SherpaYour SDIRA journey requires a reliable guide.

But you just need to understand at 6 month time, getting ready to find another tenant or hope the tenant is not ready to move out and pay the 25% increase rent on month to month.

Quote from @Chris Seveney: @Eric McginnI would only recommend it if you are ok with also having a strong chance you will have to foreclose at a later date on the borrower and go through that process .Thank you for this, it’s helping me understand how it would work.

@Elton Tate first, you need to understand the difference between loan fees and transaction fees.Areas E, F & G are outside EVERYONE's control and you'd pay all but G if you bought with cash.So, your Closing Costs are really only $5,932Now, $200 for a credit report is crazy unless they are pulling Dunn & Bradstreet on your LLC.Title charges, except for closing fee, are regulated by the State of Michigan Insurance Division.Why aren't you working with someone that knows all this?

I understand the market could be a fun and great opportunity!

Sorry @Timothy Eaton I don't fully understand.

If he can't do it, you understand, but will be working with someone who can.

It's a pain, but its probably a good requirement to ensure everyone has a basic understanding of the law.