I use both as a RE investor between commercial and residential as both can be used on 1-4 unit properties (non owner/investment occupancy).The pro's of commercial/portfolio financing from local credit unions and community banks are that you can:- talk to a local banker/lender who is interested in building a relationship with you over time and is flexible to make a loan as long as its financially prudent and you show a track record- ability to build a track record with- less documentation scrutiny than a fannie/freddie conventional loan which is more ridged because it needs to be sold to the secondary market so all boxes must be checked to do so (otherwise the loan is unsellable or undeliverable)- is cashflow based via debt coverage ratio or DCR method of qualification (Net operating income / debt service) - can fund to LLC's, entities, and businesses with personal guarantee (PG) usually- can do unique loans like cross collateral or blanket notes across an entire portfolio, can do rehab/construction + permanent financing into one (one time close products), can do soft liens and releasable upon progress on your projects so you can leverage equity with temporarily encumbrances, unique disbursements on credit facilities,etc Hope that helped compare the cash out options.

I like the idea of sending a certified letter which might be helpful if not just to inform the seller that I'm ready to move forward but to have a record of me reaching out to him in case this could potentially end up a legal matter. 

I kind of think that if I get it past the recorder of deeds office in the PA courthouse then maybe I can avoid it.

You need a solid track record with successful exits with the type of project you are wanting to list with them.

I pickup the economic data from the Jacksonville Business Journal, the Daily record and also the local Realtor site, NEFAR.

Anybody done this before who can share their experience in building a track record and scale faster?

So prior to this COVID ordeal, the city used to have up to date records available to the public on what permits were being pulled and by who.

You should inform this tenant that you intend to evict them as holdover and their friend will be the reason they have an eviction on their record.

@Babu Ramadoss you're going to get the it depends answer. it depends on your short and long term goals. many will say chasing appreciation is gambling like the stock market. others say cash is king and never put your money where roi is not maximized. personally, my goal is replacing w2 income in 7 years so cashflow is king for me. that also means I need to use less leverage with lower roi, or do more brrr which would like take longer based on what I buy. your market will likely dictate one or other, and for the record I ignore appreciation in my underwriting as a buy and hold investor. the appreciation will never be realized until I refi out down the road.

Definitely keep a record of any text, calls, or statements. i reccomend using pics as move in and out inspection of the entire property.