That is not true.i also do not associate crime rate with cost of living and find it interesting that you do.  

However, if that effort fails, the local agent is equally liable – criminally and civilly – for any fees, fines, etc. associated with the property." 

I'd really like to find someone here who has dealt with them :-)Hey Randy, check out the American Association of Private lenders.

Hello, I'm in Colorado and run the Denver Association of Assisted Living Residences.

I have 3 associates / relatives that would be doing my renovations, as I would be finding, analyzing, and purchasing the deals. 

I've included an example below to help illustrate this.So different lenders have different rates (which do vary even for DSCR loans) but these are factors they all consider.See example below:DSCR < 1Principal + Interest = $1,700Taxes = $350, Insurance = $100, Association Dues = $50Total PITIA = $2200Rent = $2000DSCR = Rent/PITIA = 2000/2200 = 0.91Since the DSCR is 0.91, we know the expenses are greater than the income of the property.DSCR >1Principal + Interest = $1,500Taxes = $250, Insurance = $100, Association Dues = $25Total PITIA = $1875 Rent = $2300DSCR = Rent/PITIA = 2300/1875 = 1.23If a purchase, you also generally need reserves / savings to show you have 3-6 month payments of PITIA (principal / interest (mortgage payment), property taxes and insurance and HOA (if applicable).

I desperately hope that Rad pulls through this hard time and returns to the successes associated with the investors I spoke to prior to joining.

I think the moral to the story is always do your own research & utilize places like your local real estate investor associations where there’s a wealth of knowledge for free, without the costs associated with a program like this. 

Cost of Borrowing: Compare the interest rates and fees associated with a HELOC or cash-out refinance to the hard money loans you’ve been using.

It is also important to consider the transactional fees associated with originating the HELOC, whether an appraisal is required etc.