Some of it has to do with the same sorts of challenges you see with smaller sized businesses in general - mom & pop shops aren't always keeping the best financial records or doing their taxes the correct way.That’s what I figured, thanks again ! 

Rates can fluctuate, so shopping around for the best deal is crucial.

But I would keep for a work shop if your doing value add to the house.  

Yes, you bought what seems like a good deal on paper, but in reality, you own an old apartment building in a neighborhood with poor security, possibly surrounded by long-vacant shops, streets piled with garbage, and a poorly managed community.

And right down flying the same airplane LOL..their shop is well run..

I will shop around for homes based on these inputs.

So, if you are shopping around, trust your numbers and don’t be aggressive on price, you may be only bidding against yourself.

This doesn't just stem in SFR, this stems in fast food chains, logistics chains, trade shops, infrastructure RE, energy trades.

Everyone he mentioned to me was a sub or contractor of some type who got stiffed. when I had my hard money shop in Oakland CA  one of my competitors made a loan that went bad ( haven't we all !!) 

Land investingI went with these five as the first one takes very little money to get involved and its basically credit card / pawn shop lending.