I realize that depends on numerous factors, but any thoughts as to strategy would be greatly appreciated!

You will have numerous issues that will arise especially if you already brought it to their attention.

The rates vary wildly depending a numerous factors (more than just credit).

Since you are not the one that is actively managing your funds, there is room for error.

The deal was still good, but this scheme was no minor error--it cut my cashflow by about 25%. 

Upon entering the home the numerous upgrades will immediately stand out including luxury vinyl flooring, new fireplace and new open floor plan.

Upon entering the home the numerous upgrades will immediately stand out including luxury vinyl flooring, new fireplace and new open floor plan.

They have no way to know who falls into the numerous positions protected by this law, and it would be too cumbersome to constantly update all of their addresses in the database even if they could track it. 

So if numerous large claims come into to the insurer (maybe a large natural disaster), they could not have the money to pay out and go out of business leaving you with no recourse. 

Additionally, there are generally numerous other costs associated with hard money loans such as origination points, appraisal fees, etc.Speaking with a number of lenders can give you a good idea of the liquidity they'll expect you to have for a certain loan amount, and most won't get too far into the loan application process if they know that you won't be able to support the loan request.Best,Michael