Then you get a servicing company involved to service both loans to make sure they get paid.The buyer in a wrap mortgage is just as protected as a buyer in a regular mortgage.

On the other hand, true private lenders are not professional lenders and hedge fund type lenders (which is what hard money lenders are), but instead are regular people in your circle and sphere of influence.

. - Your portfolio will suffer:(You want a PMC that has great systems in place, including a great portal where you can keep tabs on eveything.You will also need to manage your PMC on a regular basis.

Pretty much any regular bank / lender is going to require themselves to be in first position on all the properties... so I don't think a HELOC type solution is going to work across multiple properties with multiple lenders.  

I have no debt aside from the properties and regular monthly credit card debt.

They do a good job of regularly releasing episodes and they frequently talk about starting out with their initial capital pool and growing their business. 

I'd be more worried about supplies to build houses (eg wood for the framing). 

He seemed very authentic in our discussion and showed charts indicating how the cost of supplies has increased more over the last 2 years than they did over the last 20 years.  

Yet, I regularly correct major errors made on tax returns by HRB people and even by CPAs.

The ceiling can be durock or greenboard, never regular drywall.