In my short experience, the typical HML I’ve seen generally loan at 25-30% LTV with a note duration of 1-3 years, with the main benefits being a typically fast close and not having to go through a traditional lender for a Fannie/Freddie loan.

That's why I believe that if a person has the financial means, the best option for them is to do both.1) With the direct real estate, the main advantage is that you fully control it.

Mainly looking for a commercial agent to work with to help find my client a property.

the rents in the area are ~$2100 for a 2/1 and i factored in $50 a month for coin op laundry.

To factor in appreciation, principal paydown, tax benefits, you'll want to figure your IRR. 

Don't ignore the trust and bond factor, but understand that it may not be a total equal split and all you have to do to break it out is pay the guy what you would have had to pay a third party to do the same thing.

You might try to do a little more by the main entry of the complex. 

Factoring in taxes, renovations, etc...Also...

But the main thing is, once you educate yourself on the topic you'll be ready to make the intelligent decisions and invest confidently.Feel free to PM me with questions.Best!

I have been mainly coming up with homes that will reduce my current rent, but almost none that will produce a positive cash flow.