I look forward to meeting fellow members and delving into this venture.

Even if you have to lose a months rent.

In the last 12 months I've started to venture a bit more into hard money lending, but that is hopefully just a temporary thing.How are things with you?

Liens can't be released until full payment once its been filed otherwise Uncle Sam loses its place on the time line.

Just to limit my risk so I don't lose any money in the event of a fire or something.And this one probably saved me about $350 to 400 a month on my properties.

I still find it fascinating, whether it's real estate on another venture, it often comes down to the individual you are dealing with and whether they want to put forth the effor or not.

So, good underwriting and pricing.Public perception, do you lend to anyone that can fog a mirror for enough money or do you do speciality loans, actually designed and overseen for a venture?

At this point, you are losing money..

I wasnt aware lenders where getting so lose again with lending policies.

The lower the cap rates in an area, the safer the location, the easier it will be to rent it, the greater the chance it will appreciate, and the less chance that you'll lose a bunch of money.Following your numbers, ($1300/month rent, 140K purchase price, $2200/yr tax&ins, 7% vac, $2000/yr maint), you are looking at a cap rate of around 7.4%... which really isn't bad!