@Kevin Barnard Congrats on your endeavor! 

For instance, let's say you are pitching a deal for a fix and flip and it looks like you have a solid plan, the investor has confidence in your endeavor; because you are a first-time flipper and or fledgling REI they know the investment is at high risk for failure to wasteful effort and you will likely take longer than advertised they are going to want the lion's share of the deal and 1st lien position.

Its so hard to feel like you're paying people for being crappy tenants, but it would have been worth it in the long run just for my own sanity.Good luck on the endeavor!

I do want to make very clear that I value her thoughts in this and understand the necessary privacy she’s requesting, all while at the same time contemplate the power of leveraging OPM for such a large purchase and potential future endeavors.

And that is why I haven't been aggressive.I have endeavored to build my real estate portfolio using conventional financing with (mostly) 15 year mortgages at very competitive rates, and to only purchase properties that I thought would pay for themselves and generate free cash flow to boot, even with higher than anticipated vacancy rates and increased property taxes.

Like any new endeavor, I learned from it. 

Understand the rules is always good advice in any endeavor. 

Needless to say, it was a successful endeavor - see some photos below:After the original home was demolished - After framing - During Stucco - And the finished product - 

Pablo, first off congratulations on your new endeavor.

Like I said earlier, using a hard money loan at 12% interest with several points is a risky endeavor.