Financing is a different situation when you have entities involved, meaning that commercial loans need to be used rather than what you have already experienced with a conventional, FHA, VA or other "regular" mortgage. 

(Since they will actually be in a worse position then than not selling.) they should ask for 30% or more down, which will give them 20%. 10% of that might be required to sell again. 2) if you can earn 5% or more guaranteed in the bank, what would you require from a stranger where it will cost you 10% to take back the loan and resell to get your money back?

I have a quick clarification question regarding hard money loans for fix and flips.

But @Katie Smith has a great point because after the Miami apartments fell in on themselves, lenders are much tougher on condos and a lot more makes them unwarrantable which will negate an FHA and require a DSCR loan.

I'm just curious whether hard money loans are ever collateralized by anything other than the real estate being purchased.

If I get a small construction loan to the property and pay interest expense, would this qualify as a business expense (adding pool and etc)?

All of that *can* be a tough recipe for a DSCR loan at max LTV (75-80% LTV).We even had one major national private lender bail completely on their 5-9 Unit Multifamily product as of this week.

Or from the actual 10/15 year loan?

Are you doing a 25% down loan? 

DSCR loans won't use your income to underwrite the loan.