Michael, the promissory note has a clause that if the appraised value falls below the purchase price the balloon an can be extended XX months.

I extend my gratitude to all the podcast hosts for their valuable insights and guidance.

@cj @CJ T.Yeah, basically...I would clarify/point out that regular business credit cards don't need corporate credit because you are still personally guaranteeing the credit being extended to you. 

I don’t flip & have moved into mostly passive syndication deals for apartments & more.I did use this strategy recently to invest in a mining operation for Cryptocurrency that’s surviving this massive extended correction.

I like @Christopher Phillips idea- surely a local bank would extend a line of credit to you based on the equity.

I've invested in quite a few different pockets of North Carolina, and am pleased in my short duration of investing in here.

IRAs are not.A solo 401(k) can only be used if your business has no other employee (the definition of employee having been extended recently with the SECURE act).

Should I try to get them to extend term to 24 months and drop the origination fee to 1%?

When it is up, extend in 1 year increments.  

Exceptions sometimes made for our studio and 1br units on extended stays.- Reservation holder must be on site during stay.