@Jeremy Z.But I guess my inquiry is if it’s normal to be so high.

Or normal sediment settling? 

A loan that is Secured by a piece of Real Estate PropertyThe funds are generally issued by Private Investors or CompaniesThe Borrower will receive Funds based off of the Property being purchasedThis is considered an All Cash Offer and TransactionTypically, the Length of Loan is a 12 Month TermA Hard Money Lender is an asset-based lenderClosing Times are generally 14 days or lessFinding ways to use other people's money along with your own is essential in Real Estate Investing, that is, if you want to be successful.You are giving yourself the ability to invest in properties you normally would not have been able to, or would have had to wait substantially longer before doing so.Depending on your Real Estate Strategy, the number of houses you can purchase and Flip/Rehab in a given time period, will determine how successful you are.

For the past 3 yrs we've sent $20 gift cards at Thanksgiving to our tenants so they can buy a turkey/pies/whatever.

China is now getting back to normal after about 3 months. 

At what point is this normally performed.

Normally you'd be more apt to fly under the radar in a part of Phoenix that doesn't have an HOA... but all it takes is a complaint from the neighbors that you have too many cars parked in front of the house and it can send your whole world into a tizzy.

The interest rates for rental properties are normally 1% higher.  

I have the normal clauses in our rental agreement and with my property manager, but from what I am reading I could still be liable for not verbally offering habitable housing.  

@Avery Carl This point make sense, but it really depends the level and quality of cash flow.For standard LTR cash flow, they are normally not good enough to scale business, so we need to build equity (BRRR) to make ourself scale.The business model for STR might be different, but still, equity is the real wealth.