I don’t know why, but business purpose/consumer purpose is probably the most misunderstood aspect of private lending, even among lenders.Most lending attorneys used to sell loan document templates you would own that you could fill out and use yourself.

With all of your calling, lists, door knocking and communication campaigns, I would keep in the back of your head, the necessity to be very very clear, succinct, and upfront with every aspect of your endeavors with a  borrower, especially if they are in, or on the brink of being in foreclosure, so that you do not run afoul of the foreclosure consultant requirements in California, and many other states.

But remember this is renting on airbnb, so these aspects would allow me to increase nightly rate.

What are the different aspects of this kind of rental and how much rent should be as compared to renting to a single family?

What are the different aspects of this kind of rental and how much rent should be as compared to renting to a single family?

See if there is anyway you can help with that aspect of his business.

@Steve Bruza - your post brings into discussion multiple aspects - asset protection, property management, financing, mortgages, transfers, DOS, accounting, taxation, corporate maintenance, veil, estate planning, insurance - all with their individual complexities and interconnected dependencies and intricacies.

Secondly there are 3 major aspects to whether someone is a good tenant. 1.

I also love being part of changing things for the better and rehabs are perfect in that aspect.

@Vernon Trice III Huntsville has got some seriously cool things happening, big projects, lots of new jobs and entri MASTER PLAN for the city that encompasses business development, quality of life, green spaces, education – the whole deal (https://bigpicturehuntsville.com/), so personally I'd say buy and hold.