why on gods green earth would you want to buy 10k condemed houses :)  seems like a waste of time and money to me.

Keep in mind, you should have already had a conversation with the hard money Lender to know their terms and process, and be ready to perform. 

Best way to think about hard money is as a bridge loan.

Personal money How did you add value to the deal?

Made a little money off it and repeated it a couple times.  

@Andrew Drasch As an entrepreneurial CPA, I believe that mastering your craft is essential, and that investing money strategically leads to greater financial success.

I see it as a complimentary strategy to pull some of your money back out and hedge your bet

Where you really make your money in FL is in the appreciation.

Chris, when you say 95% of brokers are eliminated for not being able to provide successful transaction references, are you referring to actual mortgage brokers, or are you referring to the people that attend a “cash flow” seminar and believe  the easy money hype? 

Using money from an appreciating asset just to pay your landlord doesn't seem like a good flow of money.