Hi, Are downtown condos a good medium to long term investment option? 

This is not the same as a conventional loan where estimates are many pages, sent before day three, resent when you lock, and again before closing to protect a consumer who probably only does a mortgage loan a couple times in their life.Hard money and business purpose loans send an email term sheet which generally tells you the rate and points which can change after the appraisal and details become real. 

Hi, I am a photographer and videographer who specializes in multifamily and short term rental properties.

You need to package everything correctly and shop several banks as they all have different appetites rates and terms.

I am out of state so I have a reputable PM handling the tenant but I want to make sure I am adequately protected in terms of liability and such.

Not the long term take out, but in aquisition.

You can get creative with the terms and even throw in some real care like if they attend classes or group then X.

My suggestion is to come up with a list of questions that are important to you and speak with all these "gurus".Then evaluate the responses and your long term goals to see if anyone in particular stands out and can bring you faster (!)

My question is... 1) The contract (which I never signed but the tenant applied the rental assistance program with) states that the rent term is month-to-month for 1 year and the lease term is coming up in this May 2024.

My long term REI goal is to generate $120k per year in passive income (this number is always going up to account for inflation).