California is also starting to get more strict on AIRBNBs and Joshua tree is about to lock down permits.  

Those real estate attorneys often have lending documents emailed to them, they are not routinely generating them.

BP Community - a bit of a weird request - does anyone know any lenders that are strictly Hard Money?

They deal with it routinely.

Anyway, with the current supply issue and inflation on pretty much everything the BRRRR method has too be held to a very strict budget or you will not get the value out of it, if we continue down this Real Estate correction.  

Your father's seemingly strict rules might be a blessing in disguise.

Most hard money lenders are going to operate more as businesses, so they will have strict rules regarding being in first position, LTV amounts etc.

There are free resources, check for a local chapter of Community Association Institute; and usually the state law will authorize reimbursement to directors for cost of related classes/seminars which might be available through the Real Estate Board, or sponsored by some vendors.4) The Board is also responsible to properly plan for HOA finances...they should have a 20 to 30 year "reserve funding" plan that spells out the financial needs for routine replacement or major repair projects for EVERY element of the common and limited common areas.

. - New construction adds massive value to the property, meaning higher margins than an already built/renovated property- New construction rentals attract higher quality, responsible long-term tenants (if not airbnb)- New construction rentals require 0 to little maintenance - 5+ units is classified as commercial - the codes are strict & make it expensive, 4 is the sweet spot- Airbnb in the correct areas can 2x-3x the income of a rental property- Your capital can be re-invested once construction is complete, rather than having it stuck in an investment property- The higher the amount of repetitions/reinvestments, the higher your capital will be. - Once you've spent a couple years re-investing, you can take the capital you've built up and invest it in a long-term rental property with passive income.

As long as the property you currently own is strictly an investment property, you may be able to do something called cross collaterilize to that existing property because of the amount of equity you have when you go to buy another one.