A specialized attorney can (should) draft the documents for the loan (note, mortgage or deed of trust, etc).

I plan to tell him I won't use him anymore after this deal because I can't trust him to have my best interest after what he has done with the other property.

I really appreciate the tips on building a strong team (which scares me - I have trust issues lol) and budgeting for the extra costs.  

I’d personally use a traditional bank I trust for the banking side and keep it simple.

LTRs offer stability, while STRs can produce higher returns, but come with more risk and management needs.STR Tax Advantage: If you materially participate (100+ hours and more than anyone else), you can qualify for the STR loophole, allowing bonus depreciation to offset W-2 income, without needing full REPS status.Use Cost Segregation: Ask your CPA about doing a cost seg study to accelerate depreciation, especially if 100% bonus depreciation returns in 2025.Backup Options: If managing real estate feels overwhelming, consider a Delaware Statutory Trust (DST) for a passive 1031 route, or an installment sale to spread the tax burden over time.Meet with your CPA and 1031 intermediary to ensure your reinvestment strategy is tax-optimized and aligns with your comfort level on risk and management.This post does not create a CPA-Client relationship.

Or was it Equity Trust?

I hope you're able to make lots of connections and learn a great deal about real estate investing and have opportunities to come.One thing I may recommend, if you haven't done so already, is to learn about Trusts and LLCs as you begin your real estate investment journey, either investing on your own or with partner investors.

Use a title company to record the Deed of Trust or Mortgage in your name.Loan TermsTypical private loans on flips or rentals are:6–12 months (for flips)8–12% interest1–2 points (charged upfront)Interest-only payments (mon What made you interested in investing in this type of deal?

Trust, but always verify.

Here in Boise, Pioneer Titleis a trusted local option that handles these transactions and can guide you through the process.