HML is one that holds themselves out as a lender IE advertises has a website in states that its required is state licensed and NMLS registered does not matter the source of their funds its about how the business is set up and marketed.A private money lender is simply that a private person that is NOT in the business of making loans they are simply using their IRA or some excess cash to loan to those they usually personally know or meet at RIA events.

As a first time landlord, I’m looking for some friendly advice to help get this apartment cleaned up and safe, without infringing on his privacy in excess.

You need to have the right risk appetite for that kind of places. 

Excess business losses are capped for single individuals at $250,000 and for married individuals at $500,000, with any surplus being suspended and carried forward.

So are they needed, yes - are they typically excessive - yes I believe so.

Seems like appetite for those loans has disappeared with higher rates (higher risk).

I sold my Denton County properties as the costs (primarily property taxes) were getting excessive. 

I have a clear goal of trying to hit $3k / mo in net cash flow and I have a moderate-to-high risk appetite.

A lot of our residential clients who move to Milwaukee from other states cite concerns about excessive summer heat, wildfire smoke or lack of fresh water for their reason to move to Milwaukee and these concerns seem to grow every year.

The jobs are fantastic and being located near the heart of these communities is even better, but the areas are still challenged and there is still little appetite or demand from locals to own in these areas either as investors or owner occupants.From 2007 to really 20011/2012 it was not so much that the rents dropped because of value, it was the challenge of being able to get a qualified resident into a property and keep them there.