I'll attempt to shed some light, but must preface it by saying that this is intended to be educational and informative, and is not legal advice, so you can't rely on it.As mentioned above, CFX is developing a secondary market for RECF at the moment, and so long as they execute well, are in a good position to do so given their relationships in the industry (as it's probably not the easiest thing to get buy-in from all the major platforms).Currently, the regs around the secondary market--at least with regard to private placements such as the 506(c) and (b) offers that are common on the RECF platforms nowadays--are still evolving.

Any thoughts on the best time to execute "searching for a tenant" on a new rental property that your planning on acquiring?

@Boyd Evans, there's a great REIA meeting coming up on the 13th of April at the Best Western Executive Court in Manchester. 

The process you followed and the hard work learning, searching, and executing definitely manifested itself in the result you achieved.

Further, they must be properly executed and recorded.

I also know a lot of local bank executives through my current job, but I am not sure exactly how to open a conversation with them about lending possibilities for my personal finance.I appreciate your insight on my plan.  

You just have to execute.

Prior to these sites emerging to dominance, I wouldn't have gotten near a VR with a ten foot poll; with this new platform, though, it can be incredibly rewarding if executed correctly and something I help interested clients to pursue.As Justin said, how selective you are in the neighborhoods you choose to invest in (AKA: being very thorough with your due diligence and making sure to avoid the neighborhoods where people are likely to take issue with short term rentals operating in their back yard and attempting to make formal changes to legislation) will go a long way in dictating the success you have.For instance, Del Mar just recently put a temporary stop to any new short term rentals operating in the  Zip Code and are currently 'sorting out' the 'unclear verbiage' regarding short term rentals in their municipal code.

One reason this is a great option for you is your ownership is maintained until the option is executed. 

Therefore, the seller wants me to execute an assignment of rents and leases on other properties I have so that he will be secure in case something goes wrong with the loan in the future.