The most important factors a hard money lender will look at, if you don't have experience, is your liquidity and credit score & history (as well as your background -- no liens, judgements, foreclosures, bankruptcies, etc).I would hit up @Michael Cid -- he's a tremendous resource and is a direct lender. 

If I were in their shoes, I would have my attorney on speed dial to get the first in line before Norada gets wiped out and bankruptcy is filed.

After all, if someone was clinically handicapped and not able to understand and consent to terms of the legal agreement, then the agreement itself could be declared null and void in the court of law. 

@Jay HinrichsThat lender yes made a very bad investment which I am being kind with those wordsI have a non performing loan in BK and a person gave this person $60k loan unsecured while they were in bankruptcy and never even ran credit or checked on his backgroundShe now wants to sue for fraud which great your suing someone in bankruptcy - the money is gone.

He doesn't like debt or bankruptcy for personal reasons because he was an over-leveraged real estate speculator that couldn’t liquidate his assets fast enough when the bank called his loans at the bottom of the market, leaving him with millions of dollars of debt which resulted in a rough bankruptcy for him.

Vetting tenants is essentially the same as regular tenants, but expect lower credit scrores, bankruptcies, etc.  

Currently, one of my long-term employees is on the brink of financial bankruptcy due to the significant health care costs associated with her teenage daughter’s severe mental health illness.

I opted to keep the building as rentals but had already obtained the 4 separate tax ID’s and recorded the HOA declaration.

Bankruptcy filings, liens, or other defaults on properties could signal cash flow issues.

Most multi participant retirement plans are Federally exempt from creditor judgements; IRAs are Federally protected as a bankruptcy exemption up to $1,512,350; some states (Texas, Florida) extend this protection to the full amount held in the IRA or any other retirement account.5.