I see many misconceptions about hard money loans here and chief among them are that hard money lenders must loan to an entity and also that the home cannot be owner occupied.

Well you see, that's a common misconception among the "uninitiated".Time to open each file in Microsoft Word, 3 files, 3 seconds.Time to open HUD-1 file in Microsoft Excel, 1 file, 1 second.Time to insert buyer's and property's specific information, 30 seconds to 1 minute.Time to update numbers in the HUD-1, 1 minute.Time to convince SUCKER (sorry-customer) that what we're doing is time consuming, and needs to be done very carefully to ensure that there are ABSOLUTELY NO ERRORS (and if there are errors the CUSTOMER MUST PAY TO INSURE THEM), 2 weeks, 4 days, 7 hours.Time to prepare bill for customer, 1 minute.Total bill $500-$800 average in TX.Amount of that bill spent wining and dining state legislators to make certain they don't pass any COMMUNIST INSPIRED (ie; in effect in any "non-backward-California) rules to give any meaningfull consumer protection (pro-rationing for quick resales) legislation, about $20.00 per closing.all cash

But, I'd say you have some misconceptions about San Angelo.

A very significant number come to us with serious misconceptions about what may be done with a plan or how they can be involved in plan transactions.  

A  common misconception is that you need a 2 Year history when You only need a Mortgage history.

It's a common misconception that platforms such as Airbnb has $1M policy for host protection. 

If I were to write a post about common misconceptions in real estate investing (or any type of investing), this would be in my Top 5...There isn't always a deal, and believing that there always is can make you do things you shouldn't do.

I would give The Most Common Misconceptions of Investing in Real Estate a read to start!

Secondly, I wanted to chime in because it seems there is a misconception about this company on this thread with regards to how they operate.  

Hopefully, I answered all the misconceptions. ;-) and questions.