Good luck with that one—I doubt any syndicators would find a sympathetic jury in such a case.Scott, you and I have debated the concept of “skin in the game” for years.

When you engage with a new vendor, have it be a standard procedure that this worksheet or packet be filled out with documents provided before you will engage their services.

Also, have you made any significant alterations to the property or if it were put on the market today, would it be indistinguishable from a standard 4-bedoom house (are there any extra walls for the SRO, constructed locks/barriers etc.)If its a standard SFR and the leases are very short term - there is a path that you could refinance this with a DSCR as basically a Short Term Rental and then potentially change strategic course back to SRO if needed at a later date

Originally posted by @George Despotopoulos:Short term is usually referred to as hard money or bridge loans. 3-6 months is pretty short, standard is 12 months.

Just trying to wrap my head around the differences of if we got a standard mortgage up front vs. private equity and then paying that off by getting a conventional mortgage after seasoning. 

Standard PPL (Pay Per Lead) companies will sell them between $150 - $750 a pop.2.

Does their concept work? 

Secondly a 7% rate with 1-2 points depending on LTV, FICO, DSCR, and prepayment penalty does sound fair/market standard.

They’re not standard where I live, but prospective tenants are thrilled to hen my units have them and don’t mind paying higher rent.

., 5, 7, or 15 years instead of the standard 27.5 or 39 years).