A POF from a convential lender means you have passed the lender's credit and income criteria, and if the property appraises high enough, with no title issues, financing will be available.Since hard money lenders place much more emphasis on the property securing the loan, the POF letter ranges from significantly less reliable as compared to a letter from a conventional lender, to outright worthless (some hard money lenders provide a form and you fill in the blanks, i.e. no real approval).

Personally I don't put much weight into that.  

They must secure the home and be the party responsible, not sure you want to take on that risk, with no safety net.

We have a very nice duplex there in a "good" part of the 19th Ward and had a very difficult time renting it to a qualified tenant (someone who didn't smoke, without evictions, could pay a security deposit, etc), let alone a student.

@Nick RudolphThe Wall Street Journal lists alphabetically all publicly traded securities.

In order to secure a loan, most lenders require the property to be in an LLC or Corp.

.* Swap some of that debt around, put it on a HELOC secured by some other property. * Do it 75% first mortgage, 5% 2nd mortgage.

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I am working on getting a property under contract but before I go further I already want to have a title company to go with to leave my earnest deposit with so that the buyer feels secure in knowing who the title company is.

Make sure you have a system in place for prospective tenants to pay application fee and once the lease is signed, a way for them to pay the security deposit and the monthly rent.