What's nice about a private money lender is that we focus on your assets, credibility, investor history, and relationship.

Hello BP community,It's nice to see so many discussions from like minded people!

I ran your numbers through my own development proforma analyzer and it looks really good as a DSCR loan. 

Quote from @Andy Tack: Hi Josh, we are developing 767 acres in Tennessee as Glamping STR properties.

Being able to create separation between you and the tenant, can be very liberating; you have an opportunity to stay "the nice guy", while your management company absorbs all the hard conversations, and enforces the rules... can be worth the management fees. 

Nice try, but this time does not count.In order to meet 750 hours, your wife will need one of the below:- do something else real estate related, like wholesaling or realtor- actively work on expanding your rental portfolio - have an extensive DIY rehab, like a month-long full-time rehab (and then she might need another kind of rehab)- a calamity such as multiple properties damaged in a storm where she will have to deal with insurers and contractors- something else out of the ordinaryAgain - if all you have is 9 single-family properties with stable tenants and typical occasional maintenance - you don't have enough work to collect 750 hours.

What are your non-negotiable factors vs nice to haves?

I'm in the same situation with con artist tenants.   

Thats a lot of work that a company would have to do and they would want their money back on the development costs.

We are up against con artists!