Someone is always going to believe there are too many regs and someone will always believe there is not enough consumer protection.The fact that hard money lending has been so unregulated is unusual so it is to be expected that the pendulum would swing toward more regulation in that area.So you just deal with whatever the current rules are and move on with business or change businesses.

You do not need to know how to swing a hammer or when to swing it, but you do need the fore mentioned skills along with an ability to locate the same deals the rehabber is getting, plus have enough spread added for yourself.

If you ever want to swing by my office (C21 Commander Realty) and have a cup of coffee I'd be happy to try and point you in the right direction. 

If you're doing a flip, it's possible, however as others have stated, your credit will quickly tank, just be ready for the swing. 

New tenant has three kids, and would like to put up a swing set.

I'm a huge personal fan of urban real estate (I live in King William a historic district in downtown).I also have found that in quickly gentrifying area the appreciation swings are WAYYY more dramatic.

Although it's my experience that you don't always collect all of that (particularly on moveouts and evictions), including that income totally swings the numbers into the "jump on it" category - a cap rate of nearly 17.

It sounds like you've got the whole house built, you just need to swing the front door open and let the leads pour in.

Unless you can swing the mortgage for 2 months then jump it up to market and just let them make the decision to stay or go.  

The door opening into the room loses too much wall space so you should either have the door  swing the other way (out into the Hall?)