Please make sure s/he does not have the ability to pull funds out of your bank account to pay bills. 

Then ask both the realtor and the accountant who they recommend for legal and commercial banking.  

Hey Jonathan, Did you work with a local bank on this deal?

I need a local Massachusetts bank to open up a business account.

In my experience, the best notes often come from a mix of sources depending on your strategy:Direct from banks or lenders: Often the cleanest deals with clear documentation, but sometimes require more upfront networking.Brokers: They can package notes and provide access to deals you might not find on your own, though fees can apply.Secondary markets/online platforms: Good for smaller investors or those looking for volume, but you need to do your due diligence carefully.Personally, I combine these approaches, building strong relationships with a few banks and brokers while occasionally checking secondary markets for off-market opportunities.How about you do you have a preferred channel for sourcing high-quality notes?

If they are offering 14-20% interest, why is the borrower coming to them versus a bank at 7% or private lender at 10%? 

Waiting to gather details from Seller/Bank in the next day or so. 

Property worth is about $70k and 70% LTV is just fine.I’ve called every local credit union in town and major bank in Indianapolis.

When a person takes out a Heloc and due to unforeseen circumstances they roll late on a credit card, auto loan, or increase their DTI and the bank/lender who is servicing the Heloc will lower credit limit or worse close it leaving you a balance and no other funds to withdraw.You may feel as if you manage your money wisely but things happen throughout life without much fault.

The bank would also probably need an amendment to the operating agreement as well.