What is the appreciation, condition, community, class level and vacancy rates?

Also illegal for the entire school year, if the tenant has kids in school. 

I got bit a couple years ago and went from a 6% rate to almost 10% rate.

🏡 Real Estate Market Report (Single-Family Homes)📊 Mortgage Rates:30-Year Conventional: 7.10%30-Year VA: 6.45%💰 Median Sales Price:October: $485,000November: $484,995December: $484,500📈 New Listings:October: 1,959November: 1,498December: 1,175📅 Median Days on Market:October: 22 daysNovember: 24 daysDecember: 29 days📦 Months Supply of Inventory:October: 3.3 monthsNovember: 3.2 monthsDecember: 2.7 months🤔 What Does "Months Supply of Inventory" Mean?

Also, insurance companies rate homeowner's differently from landlord policies due to the fact that you live there. 

If you could do it differently, owner occupied is easiest to get a HELOC on and has the lowest interest rates.  

Here’s the bottom line; unless the deal is VERY large, or the sponsor is going to syndicate a large number of deals, the investor will make more money purchasing the property theirselves with a option low to moderate interest rate loan.  

For example, what would the cash flow be like after you renovate and lease out at the new rates?

Of the conversations I have had with people discussing hard money lending, some seemed opinionated in that the high interest rates and terms were enough to scare them off.

The homeowner collects a NET/NET 5% yield with 1% increases each year in long-term lease by a BBB+ credit rated tenant (similar to Morgan Stanley credit).