In a wholesale transaction the seller is in some kind of financial trouble which the wholesaler is helping to resolve.You have two options an assignment or a double closing:I haven't done an assignment myself so not sure completely of the process, but in a double closing there is already a contract with the seller and the wholesaler who is fixing the liens on the title, when that is resolved there is a closing date where the wholesaler execute the contract with the seller and you execute the contract with the wholesaler.In general the closing cost in these type of transactions are covered by the buyer which it could be around 3.5% and it does not include sales agent fees.There is one thing that I didn't understand, it seems that the hard money lender is in charge of the transaction.

Yes, my realtor told me the same thing about the number of rooms is more appealing when it comes to future tenants/how much you can set the rent amount at. 

When I applied for a personal mortgage in 2021 I don’t remember the underwriter caring about the outstanding principal amount on the commercial loan since it is through an LLC.

Linden is seeing a large amount of investment activity within residential 1-4 unit properties and newly developed facilities, which were ignited by the ONE Linden Plan.

Here are the details at a high level:Purchase price: 174,000Closing costs: 2,000Down payment: 20%Rental income: 1525Monthly expenses: 487 (insurance + tax)Maintenance: 128 (1% of purchase price)10% vacancy: 150Self-managingI am not sure what interest rate to use to get the monthly mortgage amount.

We've invested in some deals like this in our passive investment club, so each member could invest relatively small amounts. 

Your lender doesn't care where you sleep ; ) You are technically supposed to use your home as your primary residence for a defined amount of time according to the terms of your loan.

Then as often is the case, the self-managing landlord becomes the “de facto handyman” because it seems easier [and cheaper] to fix things yourself.

Essentially, people could donate money and get tax deductions and then that money could be pooled to buy property, fix it, rent it and pay a manager.I’m assuming it would be similar to a self invested Ira.

Eventually I want a large portfolio that gives me the flexibility to cash flow AND fix & flip.