Your best bet is to review a self storage rental agreement, and work from that.

What I am looking for is a very short term Private Money Loan to purchase discounted properties, no rehab.

Are you betting on appreciation?

If this lease-option "buyer" is a relative newbie (and I'm betting he is), then I would NOT do this deal.

If anyone is to blame for gasoline prices it's the private sector.

Just food for thought.In addition to HML, there is private investors such as IRA holders (self-directed), people with $ in CDs earning tiny returns (compared to RE), family, friends, associates, etc.

I have multiple investors that would need to be pre-qualified and funded.Lending specifications required:Hard Money or Private Money to fund rehab and close70% LTV based on ARV (after repair value)Ideal time frame to close once investor is pre-qual'd = 2 weeks or less.Average ARV is 70-85KPermanent Cash-out refinance80% LTV based on ARV with cash-outI am going to show a heavy dose of pleasant skepticism.

If the prime rate was to climb a few points, I am willing to bet all the banks will jump back on board.I have not had a problem with my HELOC from my credit union to date (knock on wood) and they seem to have the lowest rates, lowest fees ($0), and the simplest approval process.

I created a system where I used private money for a few hours, purchased a deep discount property, had my end buyer lined up (owner occupant not needing fha), put the two together and snatched the spread in the same day.It worked every time!

as you are now required to have a locking cabinet or safe if you take down a person's private information.