Our bank is going to implement a blanket loan such that our equity is collateral.  

The only wildcard would be the homes, which would have to be worth $4,000 each to make up the difference but, regardless, the bank appraiser would not include the income from them, anyway.However, the big question is what the market lot rent is.

I only have about 2k in the bank since I have been fixing up my primary residence.

Thank you for the detailed explain that you gave.

I only have about 2k in the bank since I have been fixing up my primary residence.

Of course that monthly mortgage check that I cut to the bank does make me reminisce about that paltry rent check I used to give my landlord every month...Unfortunately, there are just too many variables to say that one decision is better than another.

For my day job, I work for a bank handling real estates in trusts and estates.  

We're currently waiting on approval letter from the bank so we can make an offer.

I have connected with a lender (not a bank or individual).I am wondering if is okay to ask the BP audience about a particular lending institution in terms of reviews, experiences.If that is not possible, I am curious what types of questions to ask this lender.Thanks.

When face to face explain your needs to protect you as a wholesaler, etc you need time line extensions via after 30 days or after inspections  and  exit strategy in case you don't find a seller and the deal falls thur.