Dave Del Dotto not 45 minutes from you. he has a thriving winery business .. he has one facility off of Hwy 29 between Yountville and St Helenaand he has one on Atlas peak road right out of Napa.. and I used to live 500 feet from his front door there and have spent many memorable moment drinking wine with him and having him regale me with stories of the good ole days.. he obviously did well his wine business is probably worth north of 50 million

I like to think of it as a revolving credit facility where I am the bank and I don't have to rely on an external credit committee and the associated red tape to draw from the facility

if its a small community bank with say 200 to 300 million.. and you have 500 to 1 million in cash in the bank then yes.if its a big bank or regional multi billion dollar bank and you have 100k with them.. then no.A community bank on a non owner occ if they want to set up a facility for you would do 5 year amortized over 20 70 to 75% LTV on THEIR appraisal. fee is usually 1 point and 5.5 to 6.5%  that's what I get on my turn and burn stuff and my construction loans .. if your looking to match the lowest rates you see from national banks which is just a tad under 5% these days and 30 year am..  

Originally posted by @David Terbeek:Cleveland is a low cost area, we only have moderate traffic, have the Rock Hall, a world class medical facility in the Cleveland Clinic, World Series contending Indians, Champion Cavaliers and plenty more. 

The guidance also describes the Department of Justice’s revised definition of “service animal” under the ADA, as well as housing providers’ obligations when multiple nondiscrimination laws apply.The Americans with Disabilities Act requires equal access for people with disabilities using trained service dogs in public accommodations and government facilities.

Or is this a prohibited transaction ("furnishing of goods, services, or facilities between a plan and a disqualified person" comes to mind)?

These cities tend to be highly developed, with desirable schools, facilities, and diversified industry in several large corporations.

I would greatly appreciate some feedback and thoughts from the BiggerPockets community to see if this truly is an attractive investment or just a mirage.Investment thesis Several manufacturing facilities moving into area, projected to create thousands of new jobs over next 2-3 yearsLittle apartment supply close to these facilities currently, plans for 1-2 complexes to be constructed to meet expected demand but likely not enough, with SFH's needed to fill the gapVery low home prices compared to most of Houston given distance from downtown (30+ miles out)School ratings are mediocre currently but expected to improve as several new MPC's expected to build out adjacent to these houses, with much higher price pointsPotential to generate decent rental income currently, and potential for significant rental rate increases and house price appreciation as 1) Jobs continue to be created, 2) Schools slowly improve, and 3) Retail development picks upFrom personal standpoint, low price point attractive for my 1st investment property as it reduces upfront risk and allows me to enter with less financial resourcesHigh-level numbers ~$140K purchase price for 3 bed 2 bath house (less than 5 years old)Total monthly payment of ~$1,000 per month for 30-year conventional with 20% down (including tax, HOA, home insurance) should be ~$1,000 per monthExpected rent is $1,300 to $1,400 per month (based on comps of similar homes around area)With expected 80% vacancy rate (being conservative) + repair costs + time and effort spent doing property management (will do it myself), expecting to break even from cash flow basis in Year 1, with anticipated increase in rent allowing me to generate positive cash flow starting from Year 2Assuming 3% housing price appreciation per year, and an exit in 10 years, expecting 12%-14% IRR

I’m doing a deal right now where we are buying a small self storage facility, and I’m putting up $5K, and my partner is putting in the rest of the cash.