Welcome to BP, Steve, sorry this took so long.Contracts off the internet or other sources need to be reviewed by a local attorney or perhaps a title/settlement agent, maybe a lender, someone who works with contracts to ensure that state and local laws are followed, the basics of contract content are the same everywhere but by themselves may be non-compliant.

There are four other lenders with no internet presence who are also asking for upfront money from $450 to $1,050.Would you pay upfront fees for these types of loans?

Thank you to the 'creators', members, bloggers, and podcasters for the invaluable information as I look forward to learning more, and hopefully adding some value to the board.

Any who, if you made it all the way down here I'd say you can make it through just about any article posted on the dadgum internets and I thank you for your time ladies and gents.Thanks again,Max

As a commercial loan, you can do a one year or 18 month balloon payment.I absolutely advise against using notes off the internet, without you getting with an attorney, usually a title company has an attorney to draft/review notes and security agreements as needed.

I have recently moved to Fernandina Beach, Florida and have left some of my career as a television producer, showrunner, creator and network exec behind me to get involved in real estate in Florida. 

Bigger Pockets is one of the internet best-kept secrets.

Like I said, I stay home, so I could mainly do phone calls, internet searches, data entry, mailers etc......

Units - 22Rent - 550 (1 at 490, 2 at 500 - old leases)Total monthly revenue - $11940ExpensesHis financials from 2015 Advertising - $0Electricity - $177Lawn care - $180Management - $0Maintenance - $0Gas - $61Pest control - $80Phone/internet - $214Insurance - $525Security - $58Trash - $561 - includes unitsWater - $166 - includes unitsTotal monthly - $2025Financing for 20 yearsDown payment - 15% no cash required lender to use existing property as collateralFinanced amount - $620500Rate - 4.5% assumed.

I love doing real estate related research and analysis (mostly on the internet since I'm at a computer all day anyway) and would be glad to share the experience and knowledge I do have.