We have had people run the commission through work before, and they pay 100% of it back to the employee (again since they don't care about the residential side of agency).

Even purchasing a "performing" first lien you run the risk of that loan falling into default since all loans have a risk of default.  

Chances are the ability to get the funds out to do the next deal and capitalize a bit more is probably better for our goals in the long run. 

There's a BP get together group that meets once a month, you can attend a TREIA West event (near Cary), a TREIA main event, TREIA subgroup for newbies which Tim Masters runs....Triangle Deal Maker Sessions usually meets the first Monday of the month (it's the second Monday in September because of Labor Day)....

My concerns would include 1) crime, 2) proximity of other buildings you don't control, 3) (local) apartment supply analysis, 4) scope of capital requirements, 5) rehab grants/funding, if any, available 6) loss run report @Patrick Madigan I am in the Fuquay area for about a week and would take you up on visiting the property if this Friday or Monday next week....

I bet your local McDonald's isn't running on a MTM lease.

My point here is I have no idea how to run a screening process and what all I need to do before I accept tenants.

@Rebecca Cirisan Yes of course the city has dropped the ball on this, but their fumble can create an opportunity for creative investors to make a fumble recovery and run it all the way to the in zone!

Conventional, VA, FHA loans all max out at 4 units.  5 units and above are commercial loans and require 25% down and are based off your ability to run a business. 

@Anthony Podloski The hotel market in Orlando is stable, running high occupancy but lower ADRs.