I’ve heard from countless people over the years who made their construction financing decisions strictly based on the term sheet terms and have had miserable experiences.

@Cindy Young, the common rule of thumb is 1%, you will hear that all over the place, and you will also hear people rail against this rule of thumb as well.

In addition to cash for keys or evictions, I did hear of a story on BP about someone showing up with keys and a lease and getting the person out that way as they were then trespassing...but if it was that easy, more people would do that.

People think that way too.

BTW, I have created several MMLLCs, some with people I initially never met face to face, and at the core are general terms and, legally, the Operating Agreement.

A text message may or may not qualify and most people would issue a notice like this with certified mail so they can show it was sent. 4.

Is this a pro in house-hacking because there will be more people renting?

These forums are a great place to learn and meet people, whether you're just starting out or you're a seasoned investor.

I certainly don't want to knock how people advertise or get business...but getting a recommendation from someone who has already vetted that lender helps out considerably. 

I have heard people on these forums talk about using the Nest thermostat to set a maximum low + high temperature, to keep guests from blasting the a/c or accidentally bumping the heat up to 98.