.- Uses no or very, very little fund leverage (LOC for less than 20% of fund equity)- Lends in one specific location/region that fund managers have deep operational experience in and which has speedy foreclosure laws. - Multiple unrelated fund mangers with deep experience (so one can't get hit by a bus)- Lends at conservative LTVs, stage-gates release of funds based on project milestones.- All loans are in first position, with senior rights.- Lends only to experienced borrowers- Has good liquidity - 1 year lockup or lessThe problem is that no fund meets all of these criteria.

Let them know - as specifically as possible - what you are trying to achieve.

Money in general but also specific things like net worth are tough topics for many people to talk about/deal with. 

I have search for a while on t his specific question but cannot find an answer.

According to passive activity loss rules, every business is obligated to adhere to specific criteria, especially when it comes to short-term rentals.

That juice may not be worth the squeeze for most.As a result, the majority of investors are looking at BRRRR's for long term buy and holds in Detroit.Happy to talk through the nuances or send you some Detroit specific resources.

Also, you didn't mention it but I am also specifically not asking about seller finance, it is an option but not the topic of this thread.

It was built with no permit and it had no legal access.  

Also this is market specific. 

Good to know about the legal aspect of payment timing.