For instance, hard money loans are often short term loans that repay in less than 24, 12 and 6 months.  

@Nick Zias  to clarify all the postNO you cannot borrow money from a friend and call that your equity. when you get a loan. you in essence have two loans.. lender won't allow it.YES you should in this instance create a LLC with the 100K as a Member.. and there capital contribution is 100k..

For instance if I apply for an FHA loan now, but then in 6 months get accepted to business school and decide to move, would that qualify as a life event?

For instance, I would not know enough to catch the little details so my seeing each property is not very helpful.One other thing i would add is while there don't just meet with one person, meet with a bunch of people including those who are TK operators.

Say for instance, homeowner decides to back out of deal once started, decides they dont want to sell once renovation is complete etc etc?

Ad Valorum cannot be negotiated but IRS and State in many instances can be..

For instance if you say "Must replace furnace" you need to provide the page of the report that says "Furnace unsatisfactory".Now if you really want to end it, you can always say "If you want I can provide the pages dealing with Lead based paint, Radon and Mold, but I didn't think your client would really want them because they have to disclose later".:)

But there are too many instances where the descretion of the appraiser is allowed due to lack of nearby comps or personal perception of the neighborhood.

For instance, i bought a HOT house from a wholesaler and because i knew all the bank needed to do was order the appraisal and analyze the budget of the rehab and then the ARV, I could close in 2-3 weeks.

don't know there is in many other states.. plus as stated no income tax.Oregon has no sales tax.. and that's cool when your buying high ticket items like a car for instance or a million dollar motor home.. or a 3 million dollar plane.. then it offsets nicely.