If it does, you can apply to assume the loan on your own credit, income and debt ratio.

All and all though, sounds like you made a decent deal.Yeah, it certainly wasn't a bad deal.

I don't know enough details on your loan situation to say if it is good or bad. 

Anything more than that can be done "commercially" either through a local bank/credit union or a DSCR type of loan. 

Run Background / Credit checks3.

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.

On my experience, their agent really treat me as a “student”, had very bad attitude towards me, I end up spend sometime on bigger pockets to find some other agents.

Credit card statements do NOT count.

Using funds in a retirement account for real estate is a bad idea.

One of my investors got burned badly when going down this route and having a clear outline was the one thing he would have changed.