@Maurice NixAwesome opportunity you have going on here and congrats.A few things to note regarding the lending side for a multifamily:You have three options at a high levelFHA and freddie mac non recourse (no personal guarantee)financing if the loan is over 1 million but needs to be 90% occupied along with having net worth and liquidity post closing Regional or Bank Financing- will be more lax on occupancy and networth requirements but will still need liquidity and they are full recourse loans meaning you will be held liable if the property goes to foreclosureAlternative lender: can offer non-recourse depending on loan amount usually over 1.5 million.They can also offer 30 yrs fixed.Fha and bank financing do not offer 30 yrs fixed they only offer 30 yr amortization with a fixed term up to 10 yrs.The costs will vary upfront for each program fannie and freddie costs more upfront usually about 20-25k for due dilligence and reports.Banks will be in a similar ballparkAlternative will be around 12-15kThese numbers are general based on loans over 1million.Hope this helps

Personally, I would never trust a third party to store audio and video surveillance of my home or business.

It might be worth talking to him or someone like him for advice on this specific situation.In the podcast, he talked in general about loans and qualifications...According to him...The requirements of a sponsor – a net worth equal to or greater than the proposed loan amount, liquidity equal to or greater than 12 months of TNI on the proposed loan and a solid credit score*Minimum credit scores for Fannie (680) and Freddie (650)*Those with zero years of ownership and management experience must bring in a partner or have a third party manager *You and your partner combined must have a net worth greater than the loan amount – even if you’re not going in 50-50 on the property*The “90 for 90 rule” – you need 90 percent physical occupancy for 90 days prior to closingHe also talked about how he likes to play Freddie Mac against Fannie Mae to get a better rate for his clients.Hope this is helpful.All the best!

I could have bought this chair from a store for $75, in which case the $75 would be deductible.

Valve broke, parts store is now closed, after work on next day rush to house shut off main valve, tear out valve, rush to store get new valve to replace old compression fit valve, buy back up sharkbite ball valve just in case. 

However, if you are talking commercial as in a 6 unit apartment building  or 2 apartments over top of a store-front, that might be doable to wholesale as a noob. 

Who is more liquid?

Obviously the would-be buyer doesn't really have liquid funds as they are tied up(in the estate).

The space heaters you buy in a hardware store are 1500 watts and 110 volts.  

Most I think get to know those with liquidity that have become lenders - other people's money OPM - as a source for their flipping projects.There is also the regular route of banks as lenders - I've read a few that have utilized this method through some creative financing.OPM also comes by way of them utilizing their HELOC or Self-directed for lending.