Most hard money will be interest only payments on the full approved balance of the loan whether or not if you have pull the draw funds for repairs.If you have any other questions, post them in the same thread below so that we can all learn from the answers.

As far as meetups go, you can find a lot of local events posted here on BiggerPockets: https://www.biggerpockets.com/forums/521-real-estate-events-...I also have a list of Chicago meetups that I can share with you as well.

Please DM me or post here.

you are in the right place for learning . every day read as much as you can and soak up all the invaluable knowledge here on these posts .

Quote from @Tio Sam: Hello everyone,This is my first post/question.

Hey @Brandon Vukelich, so I have posted several times and in a big post about valuation of a STR.

=)I came across this post while doing a Google search and wanted to chime in.I’m Mark Simpson, founder of Boostly, and I’ve really enjoyed reading through all the comments.

Consult a real estate attorney to draft a comprehensive agreement that includes clear terms for profit-sharing, buyout provisions, and dispute resolution, ensuring the partnership is mutually beneficial while minimizing risks.This post does not create a CPA-Client relationship.

Based on your post and other comments, it sounds like your rehab is extensive enough that the property isn't habitable.

What marketing efforts are they going to do outside of just posting in the MLS.