Regionality and competition greatly factors into the cost structure.

Quote from @Michael Challenger: I have no qualms with hard money lending, but I need to learn more about the process and structure to these for typical deals so that I am more comfortable and in a position to reduce my personal risk and risk to investors as much as possible.

Positives are proximity, low property taxes, no income taxes, no weather events, very low maintenance stucco/tile structures, “young” properties (5-20 years old) 

can uncover key details.Leverage Creative FinancingWhen price is a sticking point, structuring the deal creatively can make it a win-win.

I feel this gives me the flexibility to find the right solution for my client and not just sell what my bank offers.I'll also throw in my 2 cents on common differences I've seen in my career:CDFIs - Because of their subsidized financing structure, they have the ability to be a low cost lender (and sometimes provide grants).

Structuring the DealWhat are some best practices when structuring a seller-financed deal with a partner?

We call renters members due to the legal structure. 

But the problem was that I wanted more structure and accountability and he wanted to do his own thing.

Your account structure depends on your goals for growth and if you plan to self-manage or hire a PM.

I knew not to expect that in the future but was hoping to replicate some of that deal structure.