This year, a group of bipartisan residents was hoping the Legislature would return cities' power to limit the number of short-term rentals in an area and regulate the rentals in the same manner as hotels.

This is how most hard money works now Rates: 9% to 13% (Most Deals are 11-12%)Terms: up to 36 Months (Most Deals are 6-12 months)Fees: 2-4 points(%) of loan amount paid at closing (Most Deals are 3 points(%))Minimum Loan Amount: $50,000 (For loans less than $250,000 $2,500 minimum fee)Max Loan: 65%-70% of After Repair Value(ARV) 100% Rehab Financing Available (Require 20% of purchase price down payment or cross-collateral)Closing Timeframe: 48 Hours - 3 Weeks (Most Deals are 2 Weeks)NO PRIMARY RESIDENCES, NON-OWNER OCCUPIED ONLY, BUSINESS AND COMMERCIAL USE ONLY.

Servicing existing residents and leases upon purchase.

For the most part I'm protected, the borrower is putting the lien against their personal residence and signing a personal guarantee to guarantee security on the deal. 

My long term goal is to be able to make Real Estate Investing my full time job, but I know there are steps along the way.I currently own my primary residence in the Suburbs of Austin, and I am looking to figure out my best path forward.

Investment Info:Single-family residence other investment in Rembrandt.

I know this is not so in a lot of other states, but do you qualify to upgrade your license to a broker?

Investment Info:Single-family residence buy & hold investment.

Also, if anyone know of a good qualified intermediary for a 1031 in Knoxville, TN please let me know.ThanksImran

It allows you to take advantage of a primary residence loan (lower interest rate and lower down payment requirements) while also becoming a landlord.