Mike when I first got on BP it was common and I believe encouraged ( to stimulate growth and participation) that you had what I called welcome wagon posters..

The challanges you ran into are super common.

Many lenders want to see insurance in place as part of their "underwriting"Are all hard money lenders participating in this chicken vs egg challenge or are there some that use common sense and have adjusted their practices to accommodate the various laws throughout the nation?

They lose a ton of money through common mistakes.

I have been waiting for someone on the BP forums to explain to me how a Wyoming LLC will stop a plaintiffs attorney from filing a claim against the deed holder when their client falls in front of your property because of a down tree or ice patch amongst the many other common claims a real estate owners encounter....and to this day  crickets.

He is more in the market of getting people in rough spots in life into their first home or helping them reverse engineer there goals and then helping them achieve them.Like anyone looking for a mentor, its important for a noobie to find someone you have common interests with and has a vision that you can support.

Cash Flow: Given the high prices in the Bay Area, it’s common for rental income alone not to cover the mortgage and other expenses.

The (un)importance of owner occupancy is a common misunderstanding among private lenders.

For a fix-and-flip scenario your max loan amount would be based off your experience and can go as high as a % or purchase although it is more common to get 90% as the loan size is typically restricted by the percentage of the ARV for that program.

This is a very common practice and it would be much more rare for an insurance company to not inspect a property after signing a contract.