YUp you can make a loan on a home the borrower is living in as long as the proceeds are for a business purpose.. but it is a fine line.. 

The logic is the same as what others have said, how long it you expect it'll take to get another booking.

As long as the property was ready (habitable) and available for rent (advertised for rent) then the property was in service. 

He has to hit certain markers that small mom and pops will never have to address in terms of yield.

It’s still up-and-coming, so there are some rough spots, but it could be a solid long-term play.

The guys said it best.Make sure you can actually get started before you get started like @John Underwood said.Plus I would really look at just getting more properties like @Mark Miles said.I think you will be ahead in the long run.

The term you want to look up is non-bank lenders (not private lenders).

@Linda West it is United Wholesale Mortgage, which you gain access to through a mortgage broker.To answer your original question, I like Navy Federal for the long draw period of 20 years, followed by repayment period.  

Here's a rundown of our current financial situation and REI experience:Current Properties:Short-term rental in the mountains of NC:- Owned outright- Grosses $2-4k per month- Valued at $400kCondo in Charlotte, NC (long-term rental):- Owned outright- Rents for $2.9k per month, cash-flowing $2k per month- Valued at $350kPrimary residence:- Located in NC- worth $800k, owe $200kMy wife is also a minority partner in an investment group that specializes in BRRRing foreclosed properties.

It took a long time.