The wife's on-board and has even expressed interest in doing some research on properties.

I Simply stated thank you and I as I would love to express our products I didn't want to break the rules of the forum. 

I’m interpreting it as they consider it the same thing.Oftentimes a "private lender" will mean an individual who is lending you money as opposed to a "hard money lender" which is generally a fund that is set up for the express purpose of originating hard money loans.My original plan was to buy the house with hard money with a down payment using private money to then later refinance with a conventional mortgage, Classic BRRRR using other peoples money basically.You will likely run into problems with the first part of this strategy, because most HMLs stipulate that they are the 1st and only lien.

You nearly expressed verbatim my experience today...

@Dennis Johnson1. http://www.syndicateddealanalyzer.com/2. https://www.realdata.com/p/express/ (you don't need the pro version)3. https://jakeandgino.mykajabi.com/store/zdt9X8o2These are all great tools, but most importantly you really need to understand how every calculation works.

The lender is basically taking the extra interest, and paying the PMI bill with it.So the BPMI scenario might be 4.125% and the PMI comes in at 0.71% (but expressed to you as a dollar amount so you don't realize that in reality it's priced out as an interest rate), which works out to effectively being 4.835%.

I do trust him and his integrity.I'd expressed to him that I was interested in using his company for service-calls while I'm renting the condo from out of state.

I was chatting with our city constable and asked if she could call me if any landlords came in expressing the desire to get out of the industry. 

Any contract is legally binding to the parties expressed on the contract itself.

When i had asked them the estimated  market value to finish my analysis, they expressed concern that what was doing might be too much work upfront, and I should get into detail of comps after the showing.