Based on my research (including RDPD), it seems that minimizing the initial down payment and using available cash for further investments is what's advised (+ pull more money from refinance when the value increases later).

I recently started my own STR co-hosting business and charge 20% which includes everything from advertising unit on multiple platforms, turning over the unit, guest communication, dynamic pricing, etc.

But, you lose the split with broker, and the income is fully taxed including self-employment tax. 

We also have a number of other fund types, including an income fund and a more traditional private equity fund.

He died and now the houses are in Probate including his separate house. 

He died and now the houses are in Probate including his separate house.

It seems like what your saying is you would kinda wholesale the sub-to and transfer the loan as a wrap and the deed of trust is included to continue to protect the lender?

Loan Highlights:🏡 Smart Financing: Successfully included $31,000 in back taxes into the loan, optimizing our financial strategy.🔐 Legal Enhancements: Revised operating agreements and leases for a solid foundation.💡 Creative Fund Sourcing: Innovatively secured an extra $40,000 reserve, ensuring financial resilience.

To summarize, these homes will contain a ground level space that's called out as "office space" on the zoning permit and other pertinent facts include the SF which totals 3,100 SF with 250 SF of the total SF of that space attributed to the "commercial space" and estimated price point of $1.1M for each home.

Based on a rough analysis for a project timeline, I believe the total project can be completed in 5-7 months with the team I have available if we get involved in completing the work on the project.Deal Analysis as a whole - Actual Costs may be slightly different but estimates should be fairly closePost Construction Estimated Market Value - Lot 1: $379,000  Lot 2: $307,000  Total Estimated Market Value $686,000+- $102,000 - Cost to payoff HML & Previous Builder- $154,800 - Estimated Cost to complete House #1- $170,370 - Estimated Cost to complete House #2: Includes New Well/Septic $7500, Impact Fees $2100, Permits $1000= $427,170 - Estimated Cost to Payoff HML, Complete Construction on House #1, and Construct House #2+ $686,000 - Total Future Market Value-  $20,580 - 3% Buyer Agent commissions as the current owner(Listing Agent) will be listing these properties without compensation-  $2,538 - Real Estate Transfer Taxes-  $1,500 - Settlement Costs Paid at Closing______________________________________________   $234,212-  $27,900 - Payment to Seller for Down Payment made by seller to HML @ Origination (For her to break even)= $206,312 - Potential Return before any Interest/Fees/Taxes/EtcI've spoken to a few HM Lenders and ran rough numbers by them.