Hey Christopher,I provide EMD and Double closing funds for Wholesalers.

I would provide checkout instruction and checklist, offer a pre-move out inspection, and expect them out on the day that they indicated.  

(So there’s plenty left if you have to sell and pay off the loan while providing plenty of funds if the rehab goes over budget.Then you just figure out how much you want to make if anything.

I would take debt provided that there is no balloon, no rate reset and repayment is within 30% of my income. 

Key was getting them to the table and providing us a list of todos. 

Hi Doug, Thank you for taking the time to thoroughly provide information, and the website 'Mortgage News Daily' is very helpful.

Most of the time, one lender can not provide ALL the good stuff.So yeah, this is helpful, was hunting for good lenders and brokers

I know there’s a guy named John Fedro who had (has-don’t know) a course for how to provide owner financing and I believe had a way to do it legally.

The STR provides a much better return than the average return of our LTR's, but it requires considerably more effort and oversight.

There shouldn't be double taxation because rental real estate normally operates at a tax loss.The potential time that there will be a tax consideration is when you sell the property.However, your resident state(MN) will provide you a credit for taxes you pay to a different state.This will avoid double state taxation.In general, California state taxes are higher than Minnesota state taxes, therefore, you will be paying the higher of the two state tax rates, which is California.