Their policy changes including price increases, charging for every little thing as an "add-on", complicated GUI and the lack of fixes of known problems (posted by their "community" on a Facebook Group), and super slow ACH deposits (which take 10+ days!)

A couple of add ons to the information already in this thread.  

@Alex Franks I would also add:-Only lend on a 1st position loans.One thing that we do here at Boaz Capital Group LLC is have the trust deed signed into an LLC that we own and in effect the LLC own the borrowers project.  

San Jose has lots of "add on" property taxes and other fees (business, rent control, etc).Best of successChad

To add on to the good info Zachary posted.If a 45 yr old makes payments of $290/mo for 20yrs on a $1M 20yr term policy and your cost of money is 4%, unless you die in that 20 yr term, the net compound cost of that term policy is $107,772 or -4%.

There are multiple instances in Austin that I have seen add-ons built without permits.

If you pitch it as an add on, you are solving a problem for them at a very reasonable rate.

Also a revenue stream add on for individuals who want to purchase.Utlities- Not temperature or climate controlled Few units have electricity inside the unit.

If a larger hotel expected me to do all that AND I had to pay all the "resort fee" and all that other add on stuff, I'd be pissed. 

I wish I had some value to add on this specific thread, but not yet.