However, there is a lot of misunderstanding. 

The Land Trust: There is a misunderstanding in the order of how things are set up, so let me clarify.

Or am I misunderstanding what you are referring to?  

It's a total misunderstanding that Private Money operates in a laissez-faire kind of arena where the borrower calls all the shots and sets the guidelines. 

Unless I'm misunderstanding and when you go to refinance it you are buying out the business partner so that you can house hack it?

I think where there is confusion is the agent seems to imply if they are working on the vehicle, there wouldn't be liability coverage if something should happen like an injury, but maybe this is my misunderstanding.

I'm a bit unsure about what you're explicitly asking, but maybe I'm misunderstanding your block of text. 

So if there is a misunderstanding of the wording, you could receive a response that is inappropriate to your situation.Inappropriate advice could cost you time and money later in order to straighten things out.

Your explanation reveals a misunderstanding of how interest is calculated.

I just don't want to see you get played by this guy based on a misunderstanding of the law.