They're a conduit lender, so they require more documentation than a mortgage fund or private individual would request. 

I’m always eager to expand my knowledge and network with like-minded individuals.

But you would have to calculate the individual debt services to see if the debt is cheaper or more expensive.

I can't comment on the Indianapolis market but I am always weary of individuals jumping into flipping houses as their first exposure to real estate.

"Fixed rate debt or floating rate, what is your preference?"

You might check with smaller outfits too like Co/Lab lending, Preferred Mortgage, Aceland Mortgage, and co-ops/credit unions.

Alternatively they can purchase a portfolio of occupied homes at a discounted price because the seller of the portfolio in most instances first tried their hand at selling the homes individually to the owner occupant and after experiencing 13-15% in disposition fees and expenses realized its not worth the effort and better to package the assets and sell discounted to another investor.Keep in mind, most of these SFH's are in stagnant markets meaning limited appreciation and if you ever took the time to look at an amortization schedule  there's no meaningful principal paydown for many years.

That will be up to the facts of your individual case.

New construction, builder preferred lender helped buy down rate, I negotiated builder to add appliances and blinds, and negotiated price.

The 18% rate from the lender is the same as our preferred return.We consider this more a bridge loan as it gets us to the pre-sale stage, and we can use pre-sale funds to pay off this debt position, essentially refinancing.