Reading another post got me thinking about this again.For those of you who own larger multi-family, self storage, mobile home parks, etc, anything with a "resident manager" who lives on-site--do you give you resident manager signing authority on bank accounts and/or allow them to handle finances?

Andy M, Commercial lenders do care about the income in a property, and if that's the only income you have, that can be documented consistently, they are going to be concerned that the money will go for food instead of their mortgage payment.You're also going to have trouble if you try to do this under residential guidelines, for those same reasons and more.Hard money is not an option for you because 1.

I was over there finishing work on the lower units bathroom and he showed up and asked for the keys because he was concerned his couch cannot fit in the upper unit due to it having an "illegal" door.

If I were to do this, does the financing take into account the value of the business outside the building, or is that a seperate transaction as far as the lender is concerned?

I can understand you concern about having your photograph is some "database."

I do have supplies, etc that I will include in the bill.Your statement that I cannot charge for the labor that I personally put into the make ready process concerns me.

I personally feel a Real Estate License would help with meeting many other investors (socially / business contacts)I have learned a lot by studying for my real estate license me personally~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~I plan to put on my big boy underwear and schedule my exam after I’m done volunteering for Habitat of Humanity this week{ local builder week }I’m trying to determine, if it would be best to start out as REO / BPO or everyday agentMeaning - which option would I need a smaller marketing budget and be effectiveMy concern – every agent I have met in the last 8 years seem overly stress Real Estate license will help with seeing both sides of potential deals ( Wholesaler versus Agent Disclosures )

With an LLC properly set up for multiple income property purchases, you actually don't have these concerns to deal with.Here is the quote from j Martin I was referring to earlier.

My only concern is that I would have to move all in on this property.

I've found the only thing a wholesaler should be concerned about is making sure the deal is actually a deal and getting word out there to as many investors as you can because in the end, sophisticated investors have their own criteria for buying and do not need to be "sold."