Here are some considerations:Pros of Using a Hard Money Lender:Speed: Compared to standard lenders, hard money lenders can provide quicker approval and financing processes, which lets you take advantage of time-sensitive possibilities.Flexibility: It may be simpler to obtain financing if HMLs are more accommodating when it comes to credit history and property condition standards.Access to Funds: You may take advantage of more investment opportunities by having quicker access to the equity in your property.Experience: For first-time investors in particular, certain hard money lenders offer invaluable experience and advice that can be helpful in navigating the fix and flip process.Cons of Using a Hard Money Lender:Greater Costs: Hard money loans might have interest rates and other costs that are greater than those associated with standard financing sources, which raises the project's total cost.Term Length: HMLs normally provide loan durations that are shorter, usually lasting between six months and a few years.

:Class A Properties:Cashflow vs Appreciation: Typically, 3-5 years for positive cashflow, but you get highest relative rent & value appreciation.Vacancy Est: Historically 10%, 5% the more recent norm.Tenant Pool: Majority will have FICO scores of 680+, zero evictions in last 7 years.Class B Properties:Cashflow vs Appreciation: Typically, decent amount of relative rent & value appreciation.Vacancy Est: Historically 10%, 5% should be applied only if proper research done to support.Tenant Pool: Majority will have FICO scores of 620-680, some blemishes, but should have no evictions in last 5 yearsClass C Properties:Cashflow vs Appreciation: Typically, high cashflow and at the lower end of relative rent & value appreciation.

I would do one at a time, if even that as hard money loans are very expensive and would be a last option for me.

(CSPAN).Today’s Interest Rate: 6.92%(👇 .05% from this time last week, 30-yr mortgage)Mortgage interest rates have calmed down a tiny bit, after staying above 7% for most of February, although they remain volatile.

Some people consider last year's actuals to cover the expenses and forget about vacancy allowance, expense percentage, CAPEX, etc.

Now, they owe me a lot more than the security deposit (rent, bills, damages...)I saw there was a new House BIll that came through last year (2023), and added a new subsection to RCW 59.18.280 which does mention RCW 59.18.260 about the checklist requirement for the security deposit:(4) The requirements with respect to checklists and documentation that are set forth in RCW59.18.260 and this section do not apply to situations in which part or all of a security deposit is withheld by the landlord for reasons unrelated to damages to the premises, fixtures, equipment, appliances, and furnishings, such as for rent or other charges owing.This is the new "exception" (per the title of the RCW59.18.280).

Lastly, they like building relationships with local investors. 

:-new metal roof that will last a lifetime-new gutters-new covered porch-new side deck entrance made of Trex material-new large capacity water heater -new Bluetooth thermostat.

(You can break this last rule, too, but it will create an accounting headache)

Hey @Blaise Bevilacqua - I'm a broker & investor in NYC, also a househacker and have worked with multiple househacking clients in Brooklyn/Queens.If you're curious, checkout my YouTube page for a podcast episode with my clients that were in your exact same shoes last year that ended up purchasing a househack in Bushwick.