But hard money lenders, particularly those that lend on real property such as real estate, are distinctly different from pay day lenders.

They're a lot more common for larger dealsFun fact: some lenders with nice terms require a distinct LLC be formed for the project

I distinctly remember there were things they did with the hot water heaters, and they were advocating replacing the rubber hoses on appliances that use water (such as dishwasher, washing machine, etc) with some kind of metal hoses that are virtually indestructible.There was a goldmine of information about good preventative maintenance steps for rental houses...

What they fail to realize is that most millennials like me make no such distinction.

@Yousef RedaIf this is a real quadriplex (4 distinct units, not just 4 separate rooms in a house), then the minimum downpayment possible is 10% and this would be a high-ratio, insured, mortgage for an owner occupied property (meaning you would need to reside in one of the units).  

If it's truly 3 distinct SFRs and you want to use Fannie/Freddie financing, it'll be 3 contracts, 3 escrows, 3 mortgages for $40k each, 3 sets of closing costs, etc.That being said, with loan amounts this small, I'm guessing that commercial or hard money financing might just be better if you can find someone to blanket loan on all three at once just for the sake of 1 set of closing costs.Using fannie/freddie financing on loan amounts that small, the closing costs start to become a ridiculous % of the loan amount.

While the same lending alternatives are available since the economic recovery gained traction in 2012 – Fannie Mae, Freddie Mac, conduit lenders, banks and thrifts, and life insurance companies – each lender offers distinct advantages/disadvantages as it relates to loan structures, interest rates, closing costs, servicing, and their responses to the whims of the market.

The marketing and approach will be very different for these 2 distinct populations.Not sure you will get a university to endorse private housing, but you could establish a brand and market via the University's newspaper, radio, bulletin boards, etc.

No annual filings or fees, low initial fees, no additional taxes, charging order only, and no distinction between single member and multi-member for piercing purposes.

Specifically,"FinCEN intends the proposed regulations to reflect the distinction between a seller-financed transaction (which typically involves family members or friends in a one-time transaction) and a person that is primarily engaged in the mortgage finance business but for business reasons or changes in markets, competition or other factors, conducts relatively few transactions within a given period."