For the time you are fulfilling the criteria to gain ownership, she will not object or interfere.Especially because the bank is involved, I can’t guarantee success, but for $500, I’ve spent more on a gamble before with the chance to play.Look at it this way, let’s say that someone offered you the opportunity to buy a lotto ticket with a 50/50 chance to win 100k.Would you buy it for $500?

**Loan Agreement:** The borrower and lender enter into a loan agreement, which outlines the terms and conditions of the loan, including the loan amount, interest rate, repayment schedule, and any other relevant terms.3.

There’s a plethora of tools out there, but looking for advice on where people have had the most success that has gotten quality long term tenants? 

Also, remember that interest rates are also negotiable, and the seller gets all the money from the interest. 

Hey @Desmond Dunn Congrats on your success thus far!

Nothing inherently wrong with either, but something to be clear on before investing money, since the controllable successes or failures of a property are going to come down to who is actually putting the deal together and who is running it.I would also be certain how the capital is flowing from deal, through primary sponsor, and down to you, the Spark Rental investor.  

I am thinking if we bought it for my mom it would be with the understanding that we wont make anything on it until we resell it in a few years, looking at rent in the area it wouldnt cash flow if we were to rent anything out with the current rates.

I know a lot of people have been successful using a lot of debt to build their portfolio it's just not the way I do things.

There are markets that are very saturated with STR and with vry bloated prices and high interest rates it could be impossible to turn a profit at all. 

(Quoted about 8.5% rate on a DSCR loan, and budgeting 10% of rents for capex, 9% for PM, and 5% each for vacancy and maintenance) After-rehab rents would be about 1350-1500 based on comps.