Again, I'd hardly say this is predatory, and find it odd that a state regulation would prevent a private lender from charging more than 10% because that's usury, but allow a taxing authority to charge interest at a 24% annual rate with no cap.These are just my responses.

For instance:$5000/month cash flow desired / $200 average cash flow per unit = 25 doorsNow this is just a projection, of course, but it helps keep you on track.On historic buildings, make sure there are no rules or regulations preventing you from doing certain things, like upgrades, or restricting property usage.

Curious as to how your experience has been, the seasonality, the rules, regulations, local fees, hotel taxes etc.Hopefully you made the leap and have been successful.

The results will be legally drawn up agreements for your use.Just they way you communicate with a tenant is regulated.

There are a LOT of regulations when it comes to raising this kind of money.

Regulation demands that a borrower is given proper by both the outgoing servicer and the incoming servicer.

There may be laws that regulate or restrict what you are contemplating.You may also find it important to have a discussion with an attorney to properly structure the business to abide by all federal and state laws.

Unfortunately, they have all declined claiming that Texas regulations prohibit this type of product on investment properties.Is this true or are banks simply avoiding this type of loan in Texas?

I know there are installation parameters which do not scare me but the issue of constant humidity issue regulation- power does go out sometimes.We are in NC.

@Brianna S.I honestly figured it would be a lot of regulation type stuff but that's okay I guess.