That amount gets deposited into my bank account (net amount).So my confusion is when I reconcile my business bank account the only money shown is the net rent amount.

THAT is awesome diversification, and diversification (to me) is more important than the extra money that active MF investors may or may not make.

Hi, I am loooking for suggestions for finding hard money lenders in Arkansas or surrounding areas. 

This would save me a ton of time and effort.Does anyone have experience with a service like this?

Also at the end of the fiscal year we typically take out an owners distribution based on how much money is still in the account and what our upcoming goals are regarding new expenses.

They had trouble renting a commercial space for me and we held money in escrow which was refunded to me to my satisfaction.

Your thought process on the contractor providing quotes to possibly "win" a job may seem correct on surface level as a lot of businesses offer "free-mium" products - but ultimately time is money, especially in real estate where good contractors are in high demand and could better spend their time finishing a project before accepting the next one. 

To really understand all the critical considerations about the borrower you should review prior to funding, I suggest you check out my book Lend to Live: Earn Hassle-Free Passive Income in Real Estate with Private Money Lending published by BiggerPockets.com.

A good PM will keep you out of trouble and typically make you more money than they will cost you.

Rents in the area are anywhere from $1k-$1300 a month.My plan was to get a hard money loan to get it going and fixed up and ready for tenants, then within about 6-7 months refinance the home with a traditional lender, then sit with that home for awhile until I get fully comfortable with the one house.