I was under the impression hard money loans weren’t suitable (or even available) for buy and hold?

In my case I had the candidate first and then found the property.I think if I were going do another as an arms length deal, I would still find and qualify the tenant/buyer first and then go shopping for a house (or 2-4 unit multi) that fits their needs and financial capabilities.I like your buy strategy ... essentially rescuing someone from possible foreclosure, but how long do you end-up carrying the house while looking for a suitable tenant/buyer?

Hi @Ben Lacascio, depending on the proximity of your property to Duke or the other local universities and its suitability as a student rental, the timing of the semesters might be something to consider as well. 

They will assess the property's value based on its after-repair value (ARV) and lend you a percentage of that value to fund the purchase and renovation.Secure the Hard Money Loan: Once you've found a suitable property, submit your application to the hard money lender and provide the necessary documentation, such as the property details, rehab plans, and your financial information.

With friends who invest in the area and a good property management company, I believe you should look to purchase now.And as others have said, find a suitable property, run the numbers, and take action.I wish you all the best.

I need to find something suitable for my kids and I've tried two different lenders now to no avail.

When I switched jobs and needed to get a suitable replacement for my personal and business use my wife convinced me to go with a Mac.

I can't really think of a better term that describes a D/F area where residents or visitors face significantly higher risk of violent crime.

I'd be happy to chat if you like..Mainly, people who scale up quickly generally have lots of cash and/or are doing "more advanced" financing with a suitable market.  

Plus, for years CA residents and visitors have complained about it being overcrowded, so I wouldn't take this as a sign of doom, more relief from too many people congesting the cities.