Hard money to purchase the property and fund the rehab.Kiavi10%-15%12 month I/OI failed to mention this above but we also use Kiavi and LendingOne. 

No washer or dryer or dishwasher these are the appliances that fail the most. 

If you fail. 

They fail to account for significant differences in property condition and location.

Once fully satisfied, the split becomes 50/50.When accessing this deal, here’s what went through my mind:A PMP would have to be okay with holding their funds long-termThe borrower would need to be experienced with doing wraps, as it takes time to get willing and able buyerThe borrower would need experience in pivoting to a different exit strategy should they fail to successfully execute a wrapWith NO EQUITY on the property originally, and the PMP being in second position, the borrower would likely need to cross-collateralize if the PMP has NO INTEREST in taking over the propertyMy conclusion, from looking at this from a thoroughly analytical standpoint, would be only someone who has a moderate to high risk tolerance and cares about cash flow without pulling out and parking their money into numerous deals would likely lend on this.Anyways, thoughts anyone?

They get one chance and if they fail to follow through, they're done.

also, any recommendations for a key-lock box as backup if the smartlock fails? 

Backup Withholding: If a contractor fails to provide a TIN or gives you an incorrect TIN, you may be required to withhold a percentage of their payment for federal taxes (known as backup withholding) and remit it to the IRS.Following these steps will ensure you are in compliance with IRS regulations and avoid potential penalties.

Look up the Walt Disney story - Walt was the visionary who did not have his integrator for the beginning of his journey, he failed over & over.

I’d have to think that, at this point, 99% of Poconos homes are failing to break even every month in STRAt this point the Poconos has basically just become a market for locals, people in NYC or Philly who want a vacation home that occasionally rents out to subsidize a tiny portion of their mortgage every month.