This means that many insurers depreciate the cost of the asset and subtract that from the reimbursement for a claim as compared to just replacing the full cost.

I think I know who you are referring to, which they claimed to be an expert underwriter but I reached out to a reference on that persons website and that reference noted they did not work with them on any of their "deals" but when that person was an underwriter at a multifamily syndicator who actually went under.

They claim to use the method of teaching that uses hard money loans to find your property, improve then rent.

Be very weary of anyone claiming that and then asking you to send application fees and such to them.To operate in FLA as a flipper where you are buying distressed at 250k+ you better have 100k - 150k liquidity at all times.I am doing a refi for someone on an STR in Miami right now. 

The IRS cross-references your 1098s with claimed deductions, raising concerns if discrepancies arise.Private Lenders and Forms 1098: Private lenders are required to send Forms 1098, but only if they meet specific criteria:The private lender operates as a “trade or business,” distinguishing professional lenders from casual lenders like friends or family members.The loan is issued to an individual or a disregarded single-member LLC.The loan is a mortgage secured by real property.The annual interest paid on the mortgage was $600 or more for the previous year.The conditions leave some room for interpretation, particularly regarding the “trade or business” clause.

The MO deal would have been hard pressed by the borrower to claim usury since she was a broker herself, she committed fraud by using a phony end buyer (her maiden name) and a phony escrow company.

Some insurance companies may deny a claim if they find out that work was done without any permits that are legally required. 

He's giving the tenant a hard time about where his cars and a small shed are at, even though they're on my side of the fence because the neighbor claims he owns that strip. 

As a buyer and you use a hard money loan to purchase and rehab a home the lender should issue a 1098 just as any other mortgage lender holding claim to the title correct?  

If she was actually residing in FL longer than PA for each of the last 6 years she's actually been breaking the law in Pennsylvania by still claiming to be a resident there (why would she do this, since FL tax and homeowner protection laws are better in FL?).