At the end of the day, the sellers looking to transact in creative finance transactions are normally the owners of real estate that cannot sell easily in an arms length transaction or are gouging  the buyer on price.

In the scheme of Multifamily Syndication, $25K for education and mentoring is a drop in the bucket compared to the cost of doing it wrong.My wife and I had 6 SF rentals when we found Lifestyles Unlimited about a decade ago. 

I prefer platforms like Airbnb and VRBO  that we normally use during the busy months.

It is normally kept in a separate bank account in the state where the rental is located.6.

Often the best ones are the smaller community banks in your area, not the large coporate banks however they'll have options as well but its normally relationship based where you'll come in to the bank to meet them and they'll be looking over your financials, credit, investment experience, etc. however once you're in with one of them, it becomes much much easier to borrow with them in the future...

-- I know every location probably different but normally how long the process take?

The choice depends on personal goals and lifestyle preferences.Good luck!

It sounds like you are taking all the risk and they are doing what a normal property management company would do.

My normal DSCR lending partners said no.

I am curious is anyone experiencing higher than normal nonpaying tenants and evictions?