Now, I would typically use "google maps" to give me an "Idea" of what it looks like, but google maps doesn't display that specific street.. so I was wondering what type of Class of properties would those areas be?

Yes, here funds are typically wired the day before closing.....just as they said, to avoid wire delays, etc.  

Typically, a cash out refinance may be subject to a slight Loan to Value % decrease.As an example.

Banks that list properties for sale after foreclosure typically do not want to take a loss. 

@John Moon This is a very typical commercial loan.

Financing is the 1st thing to pay attention to. 2, 3 & 4 unit properties will still be eligible for 30 year residential loans. 5+ will require commercial financing which has less attractive terms and is typically more complicated, especially on smaller commercial deals like you're speaking of.

Hard money lenders are typically companies/seasoned lenders who do mass quantities with steeper rates and lend to strangers.

This is why IRR is typically used to show the return of the project while accounting for the time it takes to actually receive that return.I would ask for the Syndicator to show you the projected annual returns year over year for a hypothetical investment of $100,000, they should be able to provide that information for you as it will already be in their underwriting. 

Hi Dmitriy I had two options:1-lend to allow them to pay back original investor, which would be interest only payback including capital at end of termor2-equity position whereby I put up $xxx to allow them to payback original investor (no interest paid on lent money) with equity income (rental).I chose option 2 for the income so it would be part owner.As with previous deals (Mortgage Notes) my IRA was on the deed and a promissory note was created as a result of the lending with a mortgage.As I read your questions and write in response I am now wondering if this is typical.

I'm using the typical general equation: ARV x .70 -  repair costs = purchase price.I understand the markets are super red hot now however.