This introduction sets the stage, explaining the magnitude of the situation and its potential impacts on the market.

That was the only point I was trying to make before you got all hurt and defensive.

(is this how it works or does my low credit hurt this deal as a member of the LLC even if I don't guarantee the loan????????).

Unfortunately, this means that I have to let this deal go, but it made me come up with a couple of questions about this situation:Does anyone have experience in partnerships where one partner's only real requirement is to sit on the loan and potentially provide interest payments when needed during the duration of the construction? 

That being said say it takes 2-3 years to move out rents could and likely will be higher and you could potentially refi to a lower payment.

@Bryce Henson my understanding after dealing with reverse mortgages is that the reason it’s listed too high is likely there are rules in place for selling them, there’s a determination of list price from the lender,must be listed at that level for a certain time, then they’ll re-analyze and potentially drop it if it doesn’t sell in that time frame.

Discuss any potential impacts of the NAR settlement on buyer broker marketing or commissions.

Unfortunately, due to this false impression, dubious legislation that will hurt small and mid-sized investors (and thereby the cities they invest and renovate houses in) has been introduced.

Commonly, these proceeds are used for further real estate investment or costs related to the borrower’s real estate business and strictly can‘t be used for personal uses, such as paying off personal credit cards or any nonbusiness expense.DSCR loans are “primarily based on the property,” meaning that the lender evaluates and qualifies the deal mostly but not completely based on the property’s investment potential.

The more equity you have when you are ready to retire, the more cashflow it will turn into.So you can optimize for two things: higher priced properties with a bigger potential to appreciate (find the sweet spot, don't go too high) and harness more tenants with higher income to pay higher rents (= higher monthly paydown).When you start thinking this way, you quickly realize that today's cashflow is not that important as long term equity.