@Patricia Miller,Yes , I  had the general concept , but was  not sure how to implement it, so as to remain compliant and not violate any of the rules of the IRS that would have subsequently have raised flags.I  am going in to it now with the knowledge that I am compliant and fully aware of how i can now structure my deals to grow my business unhindered.Will most certainly share my experiences as I go along others can now be encouraged to do likewise.Regards.

I will take your advise and feel out what they believe is worthwhile interest rate wise, and pay dividends later where profits allow in gratitude.My partner and I are big on transparency and will absolutely implement contracts.

I implemented this process about 2 years ago after talking to many BP members and it has provided less headaches at turnover time and better tenants.

@Carl MillerI like your idea but implementation may be difficult, unless you or a management company can be there often. 

I know my local banks want the owner in the same state, but I found the online banks are less stringent about that. 

Any other type of loans whether conventional loan from the bank or private loan from an investor will have more stringent requirements.

Even though we dry locked, implemented a pipe drain, new drywall, etc. we still had water intrusion in one corner we had to fix on inspection.

They have to fit in much more stringent guide lines then commercial.  

Learn, and educate yourself to decide what strategies you want to implement.

My income quadrupled within two months after that investment and implementing what I learned.My annual education budget is about $35K per year.