I was thinking generally (and hypothetically) along these lines:* Deal with folks where we have pre-existing relationships* 10yr fixed rate - pay around 7.25% fixed for 10 years (this would be set at loan origination around the 10yr tsy plus 5.0%, or possibly the 30yr avg fixed rate + 2.5-3.0%); interest only ideally, or possibly 30-year amort* Right by borrower to substitute collateral to maintain the LTV (if we want to sell a property)* 1st mtg, 75% LTV on new appraisal value* One investor per property, in 1st lien position* Property rehabbed, seasoned for at least 90 days with tenant in place with term leaseHow have you addressed lender concerns around investment safety and illiquidity?

Most everyone here is here for business, but some just can't answer something without under the radar plugs.If you are really considering a million dollar second home, which makes some here salivate, you already have a tax attorney or CPA, an attorney, a bank relationship (or several) and you're no dummy in business matters. :)

Keith,Excellent examples.

But we did find an excellent contractor, an excellent realtor, plus we learned a ton!!

In that case you may have to back out of the deal and jeopardize your future relationship with the asset manager of the bank (if that is where you're getting the deals from).

We have excellent credit and already have the loan open, just waiting for the house....

Your Roth IRA is also an excellent source of investment funds.

To me this site is more about sharing knowledge, experiences and viewpoints not seeing someone's picture and building trusting relationships.

You might expect her to give a better deal based on a now established ongoing relationship.

I used to live in Halifax...I'm a retired navy guy.You've found an excellent site here.