Because all of the returns above reflect what a lot of investors do: using traditional 30 year mortagages to buy SFRs with 20 or 25% down.

Christian

This means you don't have to pay it out of pocket like normal closing costs on traditional loans, you can roll it into the loan on the property. 

@Mathew Weissman for your first property I would recommend just seeking a traditional FHA loan and not a 203(k) loan (if those are your only two options).  

I'm wondering, can I sell this deal to someone with traditional financing or can they use hard money, that would then pay me my assignment fee, and also then refinance out to a traditional loan after?

Typically, you'll take a much bigger hit trying to sell the note, as opposed to selling the house traditionally for a lower price.

My business entity has just been created so it really doesn't have any asset.2) Is the commercial loan much more expensive than a traditional mortgage?

-Christian

Not sure what their pricing is for small number of units but we really like the system and it might be worth you inquiring.One other thing that may be of value...whatever system you decide on, you might also want to offer PayNearMe to any tenants that don't have bank accounts (a surprisingly high percentage of the population does not have a traditional bank account). 

Or would the HML vetting process kill the idea of using HML to quickly close on a property and then refi out on more traditional terms?