Yeah, we have the same problem here in Atlanta GA across all types of assets.

Higher interest is their hedge against the chance that you default.That said, there are basic protections that can be put into place besides just "your word", and a lot of them have already been listed so there's no need in restating (mortgage, alternative asset backing, etc,). 

And unless you incorporate a bookie effectively, there’s a high likelihood it’ll do nothing for your financial freedom.If you’re working five days a week at your job, that’s great.

The Consumer Financial Protection Bureau alleges that ITT also misled its students—a charge the company strongly denies.

I know it can vary a lot but if you were advising someone so they can plan financially what would you say is a realistic number to shoot for?

Granted, every home will have issues but this one had hardly enough to make a financial difference on the investor who was buying it.One of the issues however, was the lack of GFCI protection in the home.

I am looking for a lender that has loans that work like hard money but longer terms (2+ years) and  the criteria for the loan would be mainly the asset and not my personal debt/income ratio.

If your cousin's wife is still very skilled, maybe you have a place higher in the business hierarchy where you can engage her (marketing, client relations, financial management). 

Despite that setup, the HOA has been having financial issues for many years mainly due to a high HOA fee (due to land lease) and dis-interested owners (both old and new) in throwing more money at it.  

He will want to stay involved with the property long after his financial investment is paid back, to get the most bang for his buck which I'm fine with, but I want to create clear expectations for his future return.