Hey BP, I am stuck in a situation where i have rental property in Baltimore city and it is a money pit.

Sarasota County has enacted regulations on STR so I have friends dumping those (you can do 30-day stay) and repurposing the money.

I have 2 offers from lenders:1. from private lender which allows me to buydown interest rate (I can do 1-1 buydown) and rest money will be used towards closing cost (19k - 13k). where closing cost is 13k.2. from chase bank which allows me to use seller's credit towards closing cost and rest can go towards principal reduction.

Every person on this forum is going to have a different idea on what makes a "good deal"Personally, for rentals, I look to gain as much equity right off the bat as possible and have little to no money in the deal.

Where is all of that money going?? 

I understand there’s some nuance state-to-state in terms of deed of trust usage vs. using a mortgage for the second lien position (our investor in this case).So that we can arm ourselves with the most knowledge going into discussions, could anyone advise what the setup process actually looks like here?

When in a Seller financing deals (with subto - hybrid) asked you to put some down payment and there is not other way to close a deal with him, where we can find private money for the down payment? 

He lost his job, ran out of money and stopped the project for 6 months. 

It seems like this would be more on seller side.It’s not a deal breaker for the buyer, just a pain and occasionally a time suck, it absolutely can be an issue when you sell, not something that can’t be overcome but something that can cost time, money, effort, which again is why I’d just much rather be in condos than multi family all things equal, the per unit savings aren’t even that big in large swaths of D.C.

@Andrew Postell Do I need to actually transfer the money from my LLC to my personal account when filing the lien and deed?