For a long term real estate investor, or one who hopes to be in it long term, a great lender relationship may be VITAL to your survival during hard times and your ability to take advantage of wealth building opportunities during good times.  

The tenants - those actually occupying the rental - are ultimately responsible for the rent.

Hard money and private money loans can ultimately feel like high-stakes games, but if you have the appropriate plan in place and add a little comedy to the mix, you'll discover that the trip was well worth it in the end.

Start with BiggerPockets Ultimate Beginners Guide (free).

It is ultimately your community, so you shape your own future.

Have a legal advisor or counsel review your documents before signing.These will make your ultimate exit strategy, post Hard Money financing period, much easier when: - preparing & submitting paperwork for individual tax returns - maintaining the note in good stating with consistent payments & digital payment history paper trail - digital and/or easy access to documentation - preparing for a Re-Fi, Conventional financing, payoff, or even Flip/Sale & deed/title reconveyance to remove the Hard Money Lein holider at the end of the note's term

Ultimately, don't be one of those people who jumps into the deep end without knowing how to swim. 

Ultimately, raising money is about creating a product that your potential buyers want to buy.  

That is ultimately your decision. 

Ultimately, I would love to end up with a community of 20-45 microhomes, with a retail price of around $150,000 each.