I didn’t have any “what happens if this agreement ends before the sale of the property” terms because that didn’t occur to me.

I’d look at the cards you’ve had the longest and see if the terms on those make sense to keep them because the length of your credit history counts somewhat significantly.

That w2 still does not limit you to things like the short term rental loophole for instance, which can help you offset those painful CA taxes.

40 year terms generally have a slightly higher interest rate, but the 1st 10 years of the loan are IO (Interest Only) so the monthly payment will be lower.

Are you open to doing a few fix and flips first to build up your cash - THEN put it towards something long term?

Milena, the beauty of private money loans is that you can negotiate whatever terms make sense for you and the partner.   

Most work this way: Rates: 9% to 13% (Most Deals are 11-12%)Terms: up to 36 Months (Most Deals are 6-12 months)Fees: 2-4 points(%) of loan amount paid at closing (Most Deals are 3 points(%))Minimum Loan Amount: $50,000 (For loans less than $250,000 $2,500 minimum fee)Max Loan: 65%-70% of After Repair Value(ARV)100% Rehab Financing Available (Require 20% of purchase price down payment or cross-collateral)Closing Timeframe: 48 Hours - 3 Weeks (Most Deals are 2 Weeks)NO PRIMARY RESIDENCES, NON-OWNER OCCUPIED ONLY, BUSINESS AND COMMERCIAL USE ONLY.

An estoppel just explains and clarifies the existing lease in place - lease terms, duration, and making sure the tenant is current with rent!

You just need to have a good foundation repair company and a good plumber (or multiples of each) on your team.Just watch out for the big ticket items:  foundation, plumbing, electrical, roof and AC - these can quickly bust your budget if you aren't planning to repair/replace them...Remember that the older you go in terms of build year, the more of the above issues you are likely to run into.

These projects not only address the immediate demand for housing but also offer long-term investment potential in a rapidly growing market.For renters, the allure of BTR communities lies in their affordability, flexibility, and convenience.