It has already been established that I will bee CEO, commander and chief..So with that said, I’m trying to figure out how is the best way in can structure our contract.The loan will be for around $200,000.

I've been marketing and networking like a fiend the while getting my LLC setup, and now that the entity is established my next step is to setup an account with a bank / credit union.Any recommendations? 

It is important to point-out that none of the requirements or underwriting standards established by the Small Business Administration are unreasonable.

Hi BP,So I did a little scouting through my neighborhood and have around 400 addresses. I sent out my first batch of marketing and did received a call from one of the prospective seller. We talked and what she expecti...

If so this establishes a good long-term credit history for you.  

Cleveland is more driven by school districts, niche neighborhoods with older eclectic homes, and proximity to commercial establishments.

I don't expect that to happen anytime soon but if you want to not gamble, cash flow is a good option.If you are looking for an off market property you can contact several wholesalers and let them know what you are looking for OR (my fav) go driving for dollars in the neighborhood you are looking at.  

Ask your lender, there are established exemptions for this.

A good thing for the investor to do is to have their agent walkthrough too and take pictures so They have a third-party see it.The overall thing you need to establish is good communication and to be very clear about what needs to get done.

I'm doing this exact thing tomorrow.I won't require lenders insurance because my place in line is already established and has no chance of changing.Lenders insurance protects the lender's position.