If you work with the same lender that may speed up the process but expect a typical 30+ day closing.

Hard Money typically funds 90% of the purchase price and 100% of the rehab on a draw schedule.

It seems often that people will dwell on books, articles, podcasts and other sources and really just need a bit of personal motivation by peers to get out there and take that risk to start gaining those Street Smarts. 

Structuring private lending as passive income can be tricky since the IRS typically classifies interest income as portfolio income rather than passive.

Your deal looks solid and falls within the typical range for Cleveland.

Home sales typically decrease during the winter months.

After a little while of this you can slow down and just use the one contractor you have gained a good relationship with and know their numbers on rehabs.

Here is a list of what adding ADUs, especially in single family zoned areas,  in my CA market is typically a poor RE investment:1) The value added by the ADU addition is often significantly less than the cost of adding the ADU.

Today all these homes could be sold on the market for a good return since homes on Long Island has had big gains.

POW you maybe just gained a buyer.