No one talks about it because they talk about the process, the asset, and the numbers (all relevant), but all you do is focus on the spreadsheet and the photos; you will miss the issue.

You're spot on with how private money lending offers speed and flexibility compared to traditional banks.

I'm not looking for advice on the price to charge.

The biggest ways IMO are MLS data, multiple solutions for sellers (off market cash deal or listing), ability to rep. yourself on your own deals (saving on commission).Commission savings adds up fast when you're doing multiple deals a year.That being said, there is cost to having a license so if you're only doing a couple deals a year then it might not make as much sense.

Quote from @Ingrid Hussey:First I would check with local and state laws on this...

And if you do not think you will get caught, a lot of nosey neighbors will call you out on it (we did not rent a basement but we had built a shed as an outdoor dog house that was heated and air conditioned and someone called about that on us...).

When I had a duplex I just put up a second box with a "B" on it by the entry to the second unit.

@Dennis Boettjer be careful about basing your decision solely on past deal performance.

I am currently going through the process of closing on my first multifamily deal.

Focusing on both flips and buy-and-hold multifamily properties in NH sounds like a solid strategy and great market to do so in.