I treat them like a 2nd partner because they watch out for me and are essentially a 2nd set of eyes to vet the deal, which I do recommend you have on your first deal (but it doesn't necessarily have to be your lender).8-12% is pretty standard for hard money. 

I am currently looking for someone that is actively involved in RE Investing with 35 miles of Lawrenceville, Ga.

I would prefer that I never collected a late fee because that extra $50 or so is not worth the time involved in collecting the late rent.

He doesn't want you to use HML as he does not want a third set of eyes observing your playdates.

So in the eyes of the lenders does that bring down my LTV since theoretically it's now valued higher than what I'm originally buying if for?

I had my eyes on a small 6 unit apartment complex that I originally thought was a great deal, but the more I analyzed it over and over again, the smaller the margins came out every time.

Your in a good situation (in my eyes at least)! 

Han but I'm a little ashamed to admit my eyes glazed over and not sure I understood it all. 

If you're interested in "selling" your knowledge, I think that personally I would want to get involved with someone like you if it was a partnership.

A tiny house builder can answer those questions better.Financing is different from traditional lending because no land is involved.