Many lenders include a prepayment penalty  that lasts 3-5 years, which could limit your ability to refinance again if rates drop in the future. 

I will say though, based on every point you've tried to make before this your credibility and ability to tell if a PM is good or not is incredibly questionable.

But you need to be at least transparent and ethical in your practice.

Understand the basics of private lendingResearch real estate marketsDetermine your investment strategy and criteria for loans, including:- Amounts- Interest rates- Repayment termsCreate legal documents with a lawyerNetwork with real estate professionalsPerform due diligence on potential borrowers and their projectsBegin with smaller loans to gain experienceMonitor your investments closelyConsider joining a private lending group for additional resourcesStay informed about real estate trends, lending practices, and legal regulations

I’m an CPA working in the audit practice and dreaming about starting a real estate investment path for me an my family.

This is standard practice, but there are exceptions.

Hey Quentin, It sounds like you’re in a solid position to start your real estate investment journey, especially with the equity you’ve built up in your home and your ability to handle renovations.

Ability to pay off rentals outright if needed to but won't.I hope the above helped to provide more transparency and clarity.So I agree to getting a car, but was against paying cash.

While the rates can be a bit higher, the ability to work with a lender who understands your specific needs and timelines can make all the difference.For larger projects, private lending can be a game-changer.

And always have the ability to fire a builder and pay out for work (which is why you don't want them to front load the contract) in case they simply aren't producing.New construction seems risky.