As you explore these types of deals, part of your due diligence should be to research the local building departments to ensure the time and costs associated with re-zoning and re-entitiling the property are properly factored into your underwriting.  

It's not like reputable hard money lenders are running some secret racket where you find out nothing was as it seems.

Make sure the investor you talk with is reputable and well thought of by other investors.

Wouldn't that allow you to save more in the long run to explore more opportunities for cash flow in the future?

BUT if you do not start the eviction now and they are planning on staying, then you have lost a month.You also might want to look at your reputation in the area. 

It's better to deal with a reputable larger firm vs. mom and pop shop to ensure they are doing everything on the up and up and someone isn't going to lay claim to your property in 3 months from now (like a divorced spouse...I've seen it happen)People's opinions are going to vary on the hard money. 

I definitely recommend consulting an attorney that specializes in asset protection & LLCs, as well as contact a reputable insurance provider.

I have a flexible job that is carrying me, so I want to focus on learning and exploring at this point. 

Confirm that the provider has a pristine reputation (e.g.

However, it is certainly worth exploring!