You can also apply for a GC license if you need one and I've gotten some quotes on GC insurance out of curiosity and it wasn't bad but never went through the official process and acquired it so maybe it isn't that easy.The way I understand GC insurance and permitting is that would allow a GC to hire labor to work for them that aren't individually insured but would work under his umbrella.

We have accrued substantial savings, and closed on a deal which turned out to be great. 

Your interest accrues on the outstanding balance. 

Out of curiosity, what are the typical terms for a hard money loan, specifically around percentage financed?  

Just out of curiosity, how many of all your properties do you have a mortgage on and how many do you fully own? 

This is accomplished through exploiting market structural inefficiencies by specializing in under-valued small-cap equities with solid industry tailwinds, terrific management, and competitively differentiated business models.Like many on the BP podcasts, "Rich Dad Poor Dad" spurred my real estate curiosity.

At these auctions, the Sheriff will typically open a bid from the lender, which reflects the amount of the delinquent mortgage, plus any accruing interest, court costs, attorney's fees, etc. 

Balances paid off prior to the end of the term accrue no interest; It's free debt. 

If the note can be paid off before the 4yrs, and the interest avoided, then you only have claim to the npv of the interest to be accrued to you in the future.The 1m property could be yours if the property owner loses the house to you via foreclosure due to unpaid debt.

(not really enthusiastic about it, but I might have a one-time peculiar application for this) This is lower priority right now, more of a curiosity.