Hello everyone,I saw an AD that was in my email with Biggerpockets (Finance Of America) I called and got a rep when we asked for his NMLS# he told me that he is an employee of FACo Umbrella Commercial Lending N.O.O and his NMLS# only reflects his previous employment at a bank, and Commercial lending does not require a NMLSThey do loans for fix and flips, buy and holds.I want to make sure of who we are dealing with.

We are very willing to walk/pay the tax ($210K of proceeds) as it looks like they don’t want to do 100% of the repair requests.

We are ok right now we handle it ourselves.

We are looking to purchase a Commercial Multi-Use Property...Which is better to use Land Contract or Seller Financing?

We are planning to put mobile homes on the land.

This is the biggest question mark for us that could sour the deal, so far we are budgeting 50k for this issue alone.

We are ready to rent it out starting in November. 

Things break and wear out. 

Not sure what is easier overall (cleaning versus buying and swapping) but I am fairly sure that cleanable is a little better for the environment and slightly cheaper (the filters are pretty cheap so we are probably on the order of $1 to $2 a month - negligible in the scheme of things).Good luck

We closed on 9/5, renovations are almost done, and we are eager to generate revenue.