They essentially make the terms of the loan.

Your credit score could be disregarded by partners or lenders if you have a strong business case.Hard money lenders typically focus on the property's value rather than the borrower's credit score.

While your success is remarkable, it's essential to acknowledge that the path you've navigated with such skill and perhaps a touch of luck isn't universally replicable.

The plan includes how they will pay for arrearages and typically, the arrearages will be paid for over 3 or 5 years (36 or 60 payments).

Out west and midwest are typically Non Judicial, that means they don't have to go to court to foreclose.

Typically 30Y fixed, refi into an LLC, low doc loans that don't report on your credit. 

:Class A Properties:Cashflow vs Appreciation: Typically, 3-5 years for positive cashflow, but you get highest relative rent & value appreciation.Vacancy Est: Historically 10%, 5% the more recent norm.Tenant Pool: Majority will have FICO scores of 680+, zero evictions in last 7 years.Class B Properties:Cashflow vs Appreciation: Typically, decent amount of relative rent & value appreciation.Vacancy Est: Historically 10%, 5% should be applied only if proper research done to support.Tenant Pool: Majority will have FICO scores of 620-680, some blemishes, but should have no evictions in last 5 yearsClass C Properties:Cashflow vs Appreciation: Typically, high cashflow and at the lower end of relative rent & value appreciation.

However, even at a "typical" Cap Rate, you need to do the homework to understand if a property is a good price or not.

How are these costs typically calculated?

Since we typically acquire properties that require at least cosmetic work and the tenants are paying below market value, it is always better to coordinate a reasonable timeframe with the seller for the tenants to leave.