Look at the lenders ability to perform and act honestly.

Early closure penality or ability to refinance?

A desire and ability to share their knowledge4.

This costs money, and you are paying for the ability to have a unit turned at any time. 

The downside though is your ability to recycle your money with a turn-key property is limited.

Here's a map comparing income tax rates by state.Rent control: Never invest in any city that imposes significant limits on your ability to manage your own properties.

I believe it would be irresponsible to remove Lane's ability to post to the forums, as that would remove his ability to defend himself.

As long as you are always realistic about the collateral value and the borrowers ability to execute the business plan, you can't go wrong. 

Based on your advice, I’ll focus on character development to the best of my abilities.

One of the benefits here is that you can save a bit on closing costs but the PPP (pre-payment penalty) structure may be more aggressive, ultimately inhibiting your ability to sell off if needed - since the loan would need to sustain a minimum debt service.