Sometimes that means higher leverage at a higher rate (if there are other opportunities right behind it that make sense to tap into), sometimes that means the lowest rate/cost, sometimes that simply means speed/ease due to urgency of the opportunity. 

You need to speed up or able to lock in the rates.

https://atlanta.curbed.com/2018/3/23/17154866/atlanta-fastest-growing-metro-area-in-us-countryAtlanta declared third fastest-growing metro area in the nation, after Dallas Fort Worth and Houston The statistics, published by the U.S.

He has already put $10k in it over time but will probably need another $10k to get it up to speed to sell at full market value, hence the $20k in Reno.  

I thought Hard Money Lending is to speed up the process so you don't miss out on the deal.  

Last year, Kenosha was named one of the top 15 fastest growing metros for job growth, and our property will be only a few short miles from the new Foxconn facility that will create 14,000+ jobs once complete in the next couple years.

.- no title seasoning on cash out refinances unlike FHA which has 12 months of title seasoning after purchase before you can use market value value or conventional which requires 6 months after acquisition (this applies to CO refinances where you used financing initially to purchase not DFE or delayed financing exception which is an all cash purchase and there is no lien/deed recorded on the property at the time of close), This becomes very handy for  creative RE entrepreneur once you learn how to force equity through adding value to properties you can use VA's no title seasoning advantage to increase the speed at which you move from deal to deal quicker than Conv/FHA- no self sufficiency rule when owner occupying 3-4 unit properties which FHA has (a rule that makes buying 3-4 unit FHA properties in high cost areas nearly impossible) so this a huge plus- use of rental income or other peoples income (OPI) to help you qualify on your 2-4 unit VA purchase (FHA and Conv does allow this too)There's a lot more you can do to optimize your mortgage planning from an investors perspective.With the introduction of the 2018 Tax Cuts, you can structure your taxes strategically to not only greatly reduce the tax impact but also remain bankable to most money sources.

In fact Cumberland County is and has been the fastest growing county in the state of PA for some time. 

Kinda like being a cop and writing a ticket - people immediately want to point at others speeding by or committing worse crimes - that is beside the point.

. -1.5% growthPhoenix gained approximately 24,036 people last year, just behind San Antonio on the list of fastest-growing large cities, continuing decades of population growth.Phoenix 2017 - 1,626,078 population. +1.5% growthAlso, while Phoenix has it's share of subpar construction I don't think it's unique to the city and I'm sure Baltimore has it's newer home construction issues.