Then go to a business bank or bank with a strong business base.

Consider other factors like landlord laws, taxes, population/business growth.

STVRs with material participation are considered active investments using schedule C, similar to other actively run RE businesses or other small businesses.

Good Morning,Myself and a partner are creating a business plan with the hopes of Raising 1million for REO, SFR, Wholesaling deals.

It helps that we have known each other for 30 years in a business to business capacity.

I'm not sure that someone's past performance in the market will be helpful if you are trying to assess your potential future performance.

@Robert Brown personally I'd avoid Sosua, as it's a destination for sex tourism.There is also Santo Domingo, which attracts business travellers as well and the nearby beach city of Juan Dolio.

When we redid our kitchen in our residence (before I started in this business) I think we spent something like $12,000 on the countertops.

Which will bring plenty of other investors and general business to the area.

I'm a local chicago mortgage lender but we are licensed and do a ton of business in CA as well - happy to be a resource in any way I can!