-  How do you assess deductions for damage in a common area such as a kitchen? 

I had another local bank turn away this exact same scenario. 

The 20% down with a conventional loan also gave you a great start with lower monthly payments, which helps when maximizing rental cash flow.Regarding the lesson you learned about letting the seller take advantage of small asks, it's a common challenge for newer investors.

I would look into both options to see which is best for your scenario. 

I have been lending actively in the Indianapolis market since 2018, have done over 350+ deals, and used both my own, and other people's money in a Whole Note Investing scenario.

(I know BP is focused on making money through REI where this scenario is really about using RE laws to minimize losing money.)

within 1 year developer is doing a land assemblage and I sold the 4 acres for 250k and acre got cash out.. so made 750k on 250k in about a year on what was going to be a nighmare scenario.. 

I have been playing around with python to build financial models and wanted to get some tips on how to make my models more user friendly and better at solving common pain points.

That said, they also tell me that the rewards are worth it, with high returns and strong relationships with repeat borrowers being common outcomes.So, if you're exploring hard money lending, I think focusing on transparency, speed, and offering flexible loan terms will go a long way.

You can raise capital through family, it’s actually a very common practice.