This will cost you money on the back end.

I have been trying to save up money but it is not near a down payment for a traditional loan.

Best way to think about hard money is as a bridge loan.

We hate to call it "hard money".

Of course, what they paid isn’t going to take into account the money they have spent on renovations or remodeling, which can be substantial.  

They tell you you’re asking too much rent (you lower rent, avoid vacancy and make more money) ,your marketing is bad (they take new pictures, advertise in different places, change wording, whatever, and get a tenant saving vacancy.)  

You are referring to "no money down" real estate.

A good way to gain money for retirement, etc..

Once completed, the goal is to get them rented and then pull money out of each house to build a high performance spec.

The foundation was already approved, permitted and finaled years ago for a 3400 sf house, and its solid and I won't be building directly on the overhang edge; but rather back away from the edge a few feet to prevent any load issues all the weight will be on the longer sides of the existing footing.