I would never form an entity with them when I can do it online with a firm that charges a fraction of what they charge).

@Michael Almand, for a full line-by-line breakdown and scope of work, my preferred contractor will charge about $250 to walk the property but will credit it back if he and his team are given the job.

The borrower gets the benefit of having access to capital fast and the lender gets the benefit of charging a higher interest rate and not having to pay taxes on the profit.

The brother and his son had been living in the house, free of charge, for years, and were gaming the system.

What do you mean by "traditional 6-month financing route"?

Naturally you need to charge them for any damage to incldue smoke damange 

Hey Jonathan - I usually start by checking what similar properties are charging in the area, considering things like size, amenities, and location.

This is because there’s a cap on how much someone is willing to pay to rent a home today.For example, even if you own a solid property worth over $600,000, the maximum rent you can charge in my area is $4,000 per month.

When I pointed that out, they suggested I instead setup my credit card as a vendor, and enter each charge as a bill, which would then fix the assets and liabilities issue.  

This allows them to get more capital so they can make more loans without having to grow their asset base, while also maintaining their relationship with the customer through monthly payments.