This would be our primary residence.

Another lost his primary residence plus his vacation rental and will be staying with me for the next month while he sorts out his home.

This will allow us to maintain flexibility to potentially sell the property within 24 months.This is Ashcroft’s first capital call, and while it’s regrettable to take this step, our primary focus remains safeguarding your investment.

Well he didn't provide and explanation or answer my questions and instead he let me know that they are not currently taking on new clients! 

However, smaller properties tend to have asking prices influenced by factors like local demand or future appreciation potential, not just rental income.If you're finding that the numbers from the cap rate approach are consistently coming up lower than the asking price, it may be because the market value is being driven by different factors, especially in a competitive or appreciating area.I’d recommend using comparable sales as your primary tool while keeping the income approach in the back of your mind to avoid overpaying.

I would make this my primary residence for however long the loan requires. 

HOA, no homestead exemption, because my primary residence is in PA. 

But yes, my wife and I plan on investing a du/triplex and living in one unit as a primary residence. 

I was a bit confused myself and thank you for the explanation.

So to clarify the how, why and what of hard money loans, I have outlined a very simplified explanation of where we as a hard money (commercial real estate ) lender come in1.