Correct, and it would adjust basis just like your typical mortgage would 

Do you know what the typical items banks consider in giving someone a loan or line of credit for their business are?

Here in Chicago commission have typically been between 2 and 2.5 percent of gross sale price but now with the new rules I have not met any agents willing to take less then 2.5% so what has happened is the listings that provide 2% are now increased either by seller or buyer to our minimum of 2.5%.

We have held it since then and are not planning to sell because our children have asked us not to.Good luck on your search.It was disappointing, BUT, I now had contact, why not make an offer.

Can anyone offer some advice on private money lending?

Obviously the C and D neighborhoods will offer higher cash flow at a lower price point, but there's also some good opportunities in A- to B neighborhoods depending on what your strategy is.  

@Derrek J HooymanThere are a lot of cloud based services that offer similar services.  

Hi, I am new investor and just got my first cash offer accepted for an investment property which I am planning to use for a long term rental.

Profit Potential: Fix & flip can offer quick returns if you buy properties below market value, make strategic renovations, and sell at a higher price. 2.

For furnishing short- or mid-term rentals, finding the right balance between stuff that looks good, but which also offers solid durability and keeps your budget in check can be difficult.If your budget is your driving factor with your design decisions, I'd start surfing on Google image search or Pinterest - find a picture of a finished room that you like, and then reverse engineer it from products on Amazon and other similar budget-friendly sources.