It's not about the money.

You’ll make less money but you may learn more along the way for future projects or reduce the headache factor (which can be significant).

one thing is your lending your money way under what private money should charge. unless your just doing your friends a favor..

put another way:-Go on Zillow and buy a random property in Detroit: fail, lose money, give up on real estate investing.

At minimum, stage the living room and primary bedroom to give it some warmth.That said, have you thought about cutting bait and putting your money into a market where the numbers actually work?

Use your own money?

But you have the option to just pay the monthly payment up to maturity in case something goes wrong or if you decide you can use that money better to just build another property instead of paying it off. 

Their ability to recover their money should you default is much lower in this position.

Time is money in the service world and you should expect a base charge if a PMC has to send a ServiceTech to fix something that truly only take 10 minutes to do.

Personally, If I could pull out a HELOC, I would use it to fix and flip which will typically make sense as you shouldnt be keeping the money out for that long and you can recycle it or pay it back and build off the capital that you got from. the flip.