Most lenders in the non-bank/non-traditional space that work with hard or private money will require that the cash-out proceeds are used for a business purpose and not any consumer purpose (or personal, family, or household purposes). 

I like these because they tend to focus a lot more on actual concepts, trade-offs, challenges, risks, and ultimately leads the listener to some outcome.

I haven't really worked at a smaller brokerage, but they might be more open to the wholesale concept.

Your first concept address prohibited transactions (PTs).

And the concept of buy-and-hold I still don't understand properly.

Okay the concept works great if you use your own money to buy and fix because you can then use that same money over and over again.Because you are buying properties that have lots of room to add value So when you refi you get your whole investment back to use again and sure you will have a mortgage but if you bought right you have the asset, but your tenants are paying the mortgage and putting some money in your pocket monthly.Plus the 20% equity you created by fixing it up.If you repeat it enough you end up with lots of equity and monthly income.

My name is Edward, I live in Orlando, FL and would like to meet local investors that purchase Multifamily Units to buy and hold and/or Flips. My idea is to network and exchange ideas, where I can enrich my knowledge a...

DRAIN STOPPAGES.As of the date of this Agreement, Landlord warrants that the dwelling’s sewage drains are in good working order and that they will accept the normal household waste for which they were designed.

This is the 1st time that I even get close to the concept of zoning and variance, and this just shows how extensive of business knowledge the REI this This part is interesting:The second living area is defined by having a stove.By any chance, do you know if that is applicable to Massachusetts?

I just used nice round numbers to understand the concept.