I’m not sure I want 2 extra loans though or 2 tenants instead of one.

It is certainly possible to get 2nd opinions from other loan officers of course...but sometimes it just won't work. 

The only component of the IRR that would get hurt would be the loan amortization. 

Our lender has pre-qualified us for a second home loan. 

Get an FHA loan with 3.5% down and pay your mortgage with the STR. 

Partnerships, seller financing, private money lenders, and even using your good credit to get loans are some examples of these.Recall that investing in real estate is a process that requires ongoing education and adaptability.

I hear people talk about having a business plan that they take to the banks or lenders to show what they plan to do with a property.i was wondering who is that person that writes up the business plan is it yourself, a developer, architect, a numbers guy or is it all of their information put in a booklet to give to the bankers for the loan.

Has anybody used or heard of these guys?

Note... these friends don't like to lend loan 🙁 .

I was back end for a few years with him as well. for these trainers I was doing BRRR and flip loans for their students and I was also doing NON recourse IRA deals for their students.