If the land is in a suitable location, this could open up opportunities for developing 2 homes or even selling off one of the lots, which could lead to a good profit.

To generalize broadly, most who call themselves private or hard money lenders (or any of the other euphemisms for the same thing) typically originate first-position or (rarely) second-position performing real estate loans.

A refinance into an LLC avoids this risk but typically requires a commercial loan with higher rates and stricter terms.If asset protection is the main goal, umbrella insurance may suffice without disrupting financing.

Investment Info:Mobile home fix & flip investment in Mattawan.

Investment Info:

Single-family residence buy & hold investment.

Purchase price: $122,000

Cash invested: $41,000

Value after renovation $175,000.
Closing $ 31,000
Renovation $ 10,000

...

I am looking for any guidance with a new venture I’d like to do which is group homes.

This puts your family’s home at risk and is unfair and irresponsible, in my view.The claim that “hard money loans for existing deals are difficult to get” is simply not true.

Investment Info:

Single-family residence fix & flip investment.

Purchase price: $275,000

Cash invested: $300,000

Sale price: $1,300,000

Luxury build in the city of Bellaire, ongoing project.
...

A travel nurse, for example, would typically stay 90 nights on a single contract.

. #1 alone would typically cost you $4000-$4500Ask for a itemized list of what things would cost + his laborThis would help see where your $$ is going  $4,000 just in labor for the fence??