While this is regular due diligence, mistakes can be made when the market is hot and you have to move fast.

We plan to be as thorough and detailed in our research and due diligence when calculating ARV and rehab costs.

Also now clear that the lender is not doing their proper due diligence or even reading what we are giving them.  

If I buy a note in SW Missouri, I have none of these issues of long distance due diligence or enforcement issues.

I don't believe your mileage or due diligence expenses on other properties can be deducted since you did not have a business yet or any properties in service. 

As long as the custodian company is responsive I wouldn't worry too much.Do your due diligence and make sure the custodian company is legitimate.

Scott's book on estimating rehab costs, it's a must read in this area: https://store.biggerpockets.com/products/the-book-on-estimat...In addition to that, I would check out my article on due diligence.

I agree with the majority that this electronic currency or “digital currency” is just too new to have a very educated opinion but of course you can do your due diligence to be ahead for that matter.

He's very thorough with this standard inspections and he also offers "investor due diligence" inspections at a reduced rate.

The borrower's experience is important, but what's more important is the "Hard Asset," Hard money lenders rely on their due diligence process to determine the potential future value, review the renovation plans to get to that value & sometimes even the contractor.