I think 95% of the time you will be fine, so I would probably check the box, do a good job with pics and descriptions accuracy and deal with the 1-2 problem people per year.

Why buy now, when we're virtually guaranteed a lower rate in a short time period? 

The ad copy was pretty much the same as what I have posted many other times so I am not sure why they had an issue with it other than possibly they didn't like that her IP address was in the Philipines. 

Things to really look out for are an age restriction, setback requirements, SQ Foot restrictions and time constraints.

At the time I did not know enough about rentals and my financial partner was more interested in a flip instead of a buy and hold.

What are the key differences in approval times and application processes between private money lending and traditional bank loans?

Having a deposit in hand guarantees being paid but suing in small claims court even if you win probably means you will get paid LESS than 50% of the time in most states.

This inventory will be absorbed but it may take a short time.  

Erik - I was told I would get better pricing if I place a deed at the time of purchase.That way I am doing a normal refi (taking out a hard money loan) and not a cash out refi. 

Then taking any cash made on that project, reinvesting it into the next, and growing cash reserved over time.