Different investors have different tastes, risk appetites, and long-term goals.

Actually, since 2016 up till this year TN fire marshals office was doing all inspections of new builds in Sevier County which required fire suppression/sleep more than 12.  

My risk appetite is 80%.

Depends on really what you are looking for:-Speed - some HMLS can go "no appraisal" so can close very quickly and beat cash offers if you are in a competitive market to buy-Interest Rates - can range anywhere from around 8% to 13% (same with "points") but not usually as huge of a concern for flippers since the terms are so short-Leverage - depending on your risk appetite / capital - this is also a top concern for some (almost always over and above rates/fees) can see anywhere from around 80% LTC to even mid 90s LTC (including 100% of rehab budget)

That is all about your experience, skillset, and appetite for risk, as well as the quality of your renovations.

Illegal labor suppresses wages, supply and demand.

Or is this simply the appetite for commercial loans currently?  

for some of us "regular folks", a tidbit of info here to lower the appetite if you are not in that class of investments:"Regulation D, Rule 506(c)" refers to a specific exemption under the U.S.

within days Wagner comes up with this Brennah oaks development and markets aggressively and even wrote a book.another few months I get a note from real wealth (Kathy Fetke’s group) through which I met my turnkey providers and they said they have cut ties with Jean Gillen and anyone associated with that group. so for my risk appetite I didn’t and wouldn’t do business with them and I live an hour from ocala. 

They also have a good understanding of different lenders' appetites, and thus can save time by filtering out lenders that won't be competitive.