Charleston is a very unique area..

 So this is my first post in the forum's as a member of the BP community.  I'm a first time investor looking to purchase a vacation rental in Cape Coral FL.  My wife and I have run into a situation that is a bit out o...

While it's okay to be honest and upfront with people about risks and challenges, there is no need to damper their spirits and provide that doubt in their mind that they cannot do it.My market (in minnesota) has been pretty competitive lately and coming across great deals is a bit challenging.

If the sponsor has some challenges with credit then lenders who fund them will charge higher interest rates and fees.So in short all of those parameters that you asked about are "typical" but just know that the rate and terms of any multi family loan are dependant on the state of the property and the financial strength and creditworthiness of the sponsor. 

Seems like one of the challenges for mobile home parks is commercial financing.

Seems like one of the challenges for mobile home parks is commercial financing.

What challenges are you experiencing?

Property Managers: 1) What are the biggest challenges for you in your business?

It is more challenging, takes more diligence, and a committed action plan as well as a partnership with a brokerage that has a track record of working with agents looking to go from dual career to full time.

The challenge with that is how do you know what a good partner looks like.