We used one of those legal websites and here is the language we used with repayment specific to our situation.Loan AgreementDated: __________FOR VALUE RECEIVED, the undersigned, NAMES (the "Borrower"), located at ADDRESS, hereby promises to pay to the order of NAMES, (the "Lender"), located at ADDRESS, the principal sum of $XXXX together with annual interest of X% on the principal balance, and in accordance with the terms set forth below.Payment.

Adjustments to leases, amenities provided, payment structure?

We've been working on bylaws, registered as a non-profit, set up a bank account, drafted application forms, discussed membership fees, and a whole bunch of other stuff.

Since they meet our prescreen minimums our next step would be a phone call then set up a walk through then the application.

Currently I am doing a fix and flip in which i am setting up the Master bedroom being able to lock off  apart from the rest of the house in case my potential buyers need it to do his or her own Air BnB.  

People of BP, I'm having trouble trying to Wholesale, i know what i'm doing far as setting up Contracts and all that, its more of finding Motivated Sellers of properties, every time i search for a property that's for sale by the owner, either i run into someone that already doing the same thing, took over the property and looking to sell it aka another Investor, or someone that has a Title Company already tied to the property and it puts me out of position to do anything after that.

You should set up an ideal situation with one like a line of credit with them and then once you have a purchase, go to someone else and refi it. 

He said yea, he said he would give me some properties at 90% of market value and if i was interested would set me up with a lender he works with. 

Hi Evan,First off, thanks for setting up insurance policies for my properties recently, and greetings!

I am referring to using 401K and setting up a Trust with a checkbook account.Lenders will require more down I realize.  35 - 40% and I will be working with portfolio lenders and non-recourse loans.So my plan is to work syndicated commercial deals where you get your money back out in 6 - 12 months.