So I believe he was thrust into a position he didn't normally do and therefore dropped the ball on ALL the paper work.

That's not really a normal HML loan, they are usually for quick flips because the rates are so high.LendingHome has a long term product, they are out of California (I broker for them), its basically a 5/1 ARM at LIBOR +4.75%. 

Along side my normal job I have been doing some work on families properties that are were getting ready to up for sale, and another for new renters.

We have been fairly reasonable in accomodating normal repair/maintenace requests.

They've been upgrading units as they've become vacant, which has reduced the monthly cash flow temporarily with expectations for greater cash flow in the future.The partners are all retired so they are starting to miss the normal amount of income.  

That would be fairly normal.  

*Take into account, Cash Flow: Mtg pymts, Property taxes, Property Insurance, Normal Repairs, Damages, Vacancies, Tenants not paying rent, Evictions.

@Lawrence Barnes  members can either contribute capital or loan the LLC money either way. you could simply contribute capital and in your operating agreement it calls for a distribution to you monthly that is separate from the normal running of the business. 

Normally, you wouldn't cross south of a major street like Gaston for your comps.  

Being a little nervous and excited at the same time is perfectly normal!