Best way to think about hard money is as a bridge loan.

Keep in mind, you should have already had a conversation with the hard money Lender to know their terms and process, and be ready to perform. 

I have an idea of an initial investment and returns I would like to hit, but would love to speak with those of actual experience to see if my numbers are realistic.

It's not uncommon, and actually normal, for the operating entity to lease from the LLC that owns the building.

why on gods green earth would you want to buy 10k condemed houses :)  seems like a waste of time and money to me.

@Richard Schubert If the house next door is a solid enough deal you could always raise the money from people in your network to tie it up.

Personal money How did you add value to the deal?

It's a great way to talk through your plans and goals for real estate with people that actually understand! 

@Andrew Drasch As an entrepreneurial CPA, I believe that mastering your craft is essential, and that investing money strategically leads to greater financial success.

This was my seed money to start my business.Aug 2021 - My first rental property was a side by side town house that required me to put down $55K and generated $950 per month in cashflow.