How many hard money loans is too many?

[Daniel Rutledge]

How many hard money loans do you feel safe having at the same time? It seems that using hard money to quickly close on a property along with avoiding high down payments is a good option. If buying right the homes can be refinanced with very little out of pocket. I am intetested to know how many hard money loans others feel safe with having at one time. Has anyone had issues when trying to refinance and was stuck holding the hard money longer than expected?