I've been dealing with a local mortgage broker and have been approved for a $100K HELOC against my primary residence.So lets talk strategy.

What made you interested in investing in this type of deal?

Some mentees will act as a bloodhound for the mentor, knocking on doors, driving for dollars, scouring the internet, making cold calls, or performing other services that help the mentor find new deals.

It's going to be just like a commercial deal.

If so, how did you deal with it or what verbiage did you use in your lease to prevent this?

So my appraiser came and did my appraisal but from the jump he was letting me know we are not cool he didn’t like i did accent walls, he didn’t like i had a mini split in each room he said i should just get a furnace....

I'm just trying to figure out how i can structure a deal in everyone's favor.

I currently work as a consultant, on a project that deals with a lot of risk assessment, identifying pain points for my client in areas of improvement, along with these types tasks, there is a lot of tracking and monitoring of multiple different requests that are going on at one time, as well as having to manage my team and personal to ensure we are meeting all necessary suspenses.

@Katrina Dividina  you are experienced so hopefully this is just forum-splaining :) just make sure the zoning allows it...sober living is usually addressed individually in the code and has its own hoops.Banks are charging 7.9% now and probably up so I would want a deal on the rate from the owner--where is he going to get 8%??

I have been cold calling for months now striving for that first wholesale deal.