I'm curious if you decided what you're going to do and if you and your friends have made any choices if you're going to invest together?

He said the borrower called and a tree fell on the roof and needed to file an insurance claim so wanted to file it against our insurance.2.

I ran some quick numbers and would estimate (assuming you have good credit) you could borrow around $415k-$420k, which includes funding 100% of the rehab costs.Have you calculated your expected profit based on selling after rehab and if you decide to keep long term? 

So yes, correct, the borrower is the USER not the owner, the bank/lender is the "owner" right.

They prioritize the relationships they have with their customers, but, just like others mentioned since they are so big, it can be easy to get lost in the sea of other borrowers.

It should also be noted that there is often a difference between the borrower and the guarantor.If the loan is made to an entity (LLC, corporation, trust, etc.)

If you’re looking for speed, flexibility, and a customized solution for your investment, private money lending is a great choice, even if the interest rate is higher.

Yesterday, we went to the garage to store more supplies, we found out they8 were using my patio chairs for their thanksgiving party without even asking me if they can borrow them. 

The Midwest seem to be a popular choice in the chat along some areas of Texas are also good to consider for example, Austin or Dallas-Fort Worth.

But if I wanted lights and refrigerator etc, I had no choice but solar, this is why you're correctly alluding to the rural aspect....