Construction, especially in less regulated states like Texas, has a higher risk of non-performance.

LLC. lending has very little regulation compared to personal real estate lending.  

Which will be strictly a rental

They said it is strictly cosmetic and that the necessary repairs had been made, but I had to start laughing when they said that just because it was one thing after another.So at the end of the day we are looking at $20k-$27k. 

Notes:  The lender is responsible for ensuring compliance with this regulation.  Waivers to the seven unit limitation can only be initiated by the jurisdictional HOC for good cause.

Never assume when it comes to building regulations.

Which you can see on some other threads. that includes things like taking quite a bit of time to recoup the cost of furnishing the unit, an ever increasing number of other airbnb's that drive down the price, losing the right to the property that you furnished, or local regulation where you have to live in the building, etcetera although I prefer to own my properties, a lot of people are now going to the co-hosting model where the landlord furnishes the place and you were more of a manager.

And, it will only continue to happen until one of that bank's regulators or examiners shuts that down with a slam. 

I’ve had three instances where one of these companies have done something that I strictly prohibited.

Thanks for your question - Controlling real estate is the highest financial leverage one can ever achieve in real estate - Control & Roll is a system created by me from pure frustration with being a real estate sales person (broker/agent) - I needed to GET OUT OF CONVENTIONAL  real estate - there were too many gate keepers, buyers, sellers, appraisers, underwriters, banks, mortgage brokers and others who didn't care if you made a buck or not, if you helped your client or not, just too many ways to stop a sales from going to settlement ------- I had to find another way to make money in real estate without those regulations stopping me - cutting-off my income and making me crazy -----I wanted a system where I got paid full commission without contingencies, without inspection requirements and a way to sell real estate for all cash without having to mess around with FHA or other loan products or appraisals.So ----- the birth of Control & Roll - simply put C&R is a way of negotiating real estate with a skinny offer subject to a public auction.