@Rick Pozos Were  you able to find these notes via communication directly with banking institutions or otherwise?

If they agree to a different value than the appraised value that is fine but any lending institute is going to base the value on the appraisal which will not include the room and a bedroom.BTW it seems like a funky add on to have a Bedroom window go into a dining room. 

IRS has ruled people acting on your behalf still qualifies as your involvement- so if you buy the property and hire a contractor to run the renovation for you- that's still active participation on your part. 

What banks or institutions do you recommend for loans for multifamily properties (more than 4 units up to 50 units)?

Any financial institutions that will loan in GA that will do investment property HELOCs without the 4 property limit?

So it’s not down payment, money, it’s an alternative to conventional or institutional financing.Since the money is being provided by individuals, there is an opening for rather unconventional lending.

When I was younger I participated in the flips that my parents went through and watched as they dabbled in the rental game for a while.

I have been a long time subscriber to the podcast, but have never participated on the website until today.

Each institution is TYPICALLY consistent about the amount of time on each short sale, so if you find a Real Estate Agent who specializes in short sales they will be able to give you the best feel for which banks are good and which are bad (in terms of speediness). 

Examples include certain banking institutions requiring a bank specific power of attorney provided by that institution and the IRS requiring an IRS specific power of attorney provided by the IRS to handle tax matters.