You could get away with it for a while, but if a deal ever goes sideways and they hire an attorney to help fix the problem, it won't go well for you.I have quite a few borrowers who have found private money, but they referred them to me for help.

I can refer you to a resource who can help you with this.2. unsecured Personal Line of Credit - do you have a good relationship with your local bank?

Usually when they reference 3.5% they are referring to FHA loans.

If you have any questions or obstacles, refer back to the BP forums and do some research.

If you are looking in multiple areas, maybe you ask the agent you are working with to refer you to another agent in another area so they can stay on top of whats going on and they will still be paid for the work they have completed for you or will do in the future. 

But if not, make sure the turnkey company has a highly regarded and long-standing relationship with the property manager whom they refer.

BTW, is this tenant requesting you use a certain pronoun when referring to them?

I think he would probably do demand letter but if not, he'll refer you to some one very good.

And would be helpful to confirm if you mean NET $10K monthly, not simply gross $10K monthly.What I was refering to was 10k month gross.

@Robert Comstock Do you have names of the books you’re referring too?