You have to pull out a notepad, write the nature of the business, mileage, etc. down.

Williams,The Commission does not have jurisdiction to take a broad/general position on contractual and transactional matters of this nature, only to make determinations on matters of interpretation and compliance with the requirements of the SC Real Estate licensing law.

I don't see anything wrong with that, if it will get the deal done.Pros:- 20% down payment requirement will result in less holding costs- Lower interest rate than a bank loan or hard money loanCons:- Origination fees might be higher than a private loan- Might take longer to close than private money- If the condition of the property is too poor, the loan might be harder to get approved- Bigger down payment requiredThere are many ways to skin a cat.

Do you have any available cash to put "skin" in the game?

Cautious by nature, I am trying to ease myself into real estate.

Even though I am a newbie within the industry I am quickly developing a natural ability to research potential residential properties and providing a very detailed summary as it relates to the profit potential, risks and legal aspects of any property of interest.

I would call a few PMs and ask them if it would be difficult to rent out a house of that nature.  

Most banks cost of funds are generally short term in nature (checking accounts, savings, cds, etc) and therefore the don't want to match long term assets with short term liabilities.

The path you take depends on your financial circumstances and your natural strengths.

I know it's not cut and dry, and definitely depends on the nature of the problems.I would think a water line break or sewage backup would warrant an immediate response?