Another thing you could consider is asking the bank if they could cross collateralize the downpayment on your new deal with the equity in the other properties - basically you would put the equity in those up as the down payment (or portion thereof).If you are in a value add situation, maybe you could use hard money to help fund the deal, or downpayment, and then refinance to a more traditional lending arrangement down the road once you have increased the property's value?

If you're not comfortable visiting the jail, you may be able to arrange a phone call or video chat.3.

I'm grateful that she sent it my way, but I would have liked to know about the arrangement ahead of time.Thank you for any insight you can give me.

They wouldn't have to make decisions over and over about whether or not they want to fund your next property.This is the same setup I'm arranging with my banker. 

PM me and we can arrange a time to chat and see if it may be a good fit.  

Let me know if you'd be interested in chatting with us and I can arrange a phone call or even a meeting if you happen to be in the area.

Hi @Nic Logan,A lease agreement is an agreement between the landlord and tenant(s) whereas a roommate agreement is an agreement between all the individuals sharing one living space.You need to specify I’m writing the tenant-landlord agreements, rights, and responsibilities based on your local market and law (rent amount, due dates, tenancy rents, consequences and actions if certain provisions are not met, security deposit, applicable tenancy laws, etc.) as well as rights and the responsibilities between the tenants (how is your living arrangement with your roommates); i.e.: who cleans what and when, what days/hours each tenant can use the washer and dryer, how many guests they can bring home and whether they can stay overnight (this can be more restrictive than the lease agreement), who and when can use the kitchen, etc.This is not legal advice and you should consult with an attorney if want to know exactly what forms you should be using, but a two documents (lease agreement and roommate agreement) or a combination if both might be necessary.

Also, would you mind explaining the land trust a little more in depth and what it's advantages are too that arrangement

@Cassandra Sifford Make sure you have a JV agreement or some other legal, signed agreement that spells out the details of your arrangement with your partners.

Under Civil Code 2945.4, it is a crime to do any of the following acts in a capacity as a foreclosure consultant:Charging or collecting any compensation until after the foreclosure consultant’s work has been completed as agreed to in the contract;Charging or collecting interest or fees in excess of 10% per year of any loan the foreclosure consultant may make to the owner;Taking an interest in other property or a lien against the wages of the owner;Receiving payments from any third party for these services without full disclosure to the owner;Acquiring any interest in the owner’s residence in foreclosure;Taking any power of attorney from an owner for any purpose;Inducing or attempting to induce an owner into a contract that does not comply in all respects with Sections 2945.2 and 2945.3; orEntering into an agreement at any time to assist the owner in arranging, or arrange for the owner, the release of surplus funds after the trustee’s sale is conducted, whether the agreement involves direct payment, assignment, deed, power of attorney, assignment of claim from an owner to the foreclosure consultant or any person designated by the foreclosure consultant, or any other compensation. 2Prosecution of Foreclosure Fraud Under Civil Code 2945.4The crime of foreclosure fraud is similar to that of the crime of theft by false pretenses.