Yes that is ok but first you should get a prequalification from each to see the terms they provide. 

Use Private money to acquire and then refi into long term debt

Anyone have an attorney that they could refer me to who’s investor friendly & that understands as well as structure wholesale/assignment of contract deals in Orange County NY area?

We are going to be buying property and building a spec home shortly and need to understand the pros and cons of doing this deal through an LLC vs. as individuals, from a tax perspective.

My wife an I try to focus our long term rentals in towns within a 30 - 45 minute drive to Raleigh.

Always analyze for long term numbers but in the back of my mind I look to see if it will be a good fit for possible MTR or STR.

I do agree they will be coming down shortly. 

Do not put rental properties in an S Corp.Generally, you should have an S Corp for flips, property management operations, commissions and any other activities that generate ordinary income.Passive investments should be held in pass-through entities like partnerships.I'm not an accountant, but I have clients and personally had to pay taxes to move long-term holds out of S Corps just to change title (e.g. for refinancing).

You can decide which term you want. 

It sounds like he loses (sells) the property now on his terms or loses it later on someone else's.