Too bad, tenants aren't saying a thing for fear of paying.

You’re risking other people’s money and you also need to get burned if it goes bad.  

I agree local banks and credit unions will be better if you're planning on growing your portfolio. 

If the proforma has the rent roll at $1400 a month, there is a discrepancy that could lead you into a bad assumption on your business plan.Also one caveat, be aware of physical delineations around the area like bridges or railroad tracks or a canal. 

I was working with a local credit union who pulled out at the last minute.

Regular tenants may have more of a support system when they have bad financial luck.

No social or credit pull needed upfront. 

Was it included as a credit/debit on the HUD so it should have reduced your cash to close? 

forged in fire is a bad af name for a podcast!

Private lenders tend to focus more on the value of the asset or project rather than your credit score or financial history.