For example 10% down payment is very normal and setting up a rehab escrow for 95% of rehab costs is typical as well. 

So essentially, I would be paying 300 in utilities plus 75 (difference between the 900 rent and 825 income from upper unit) for a total of 375/month.I own and manage several SFR's and multi-family properties, but have never gotten involved in a lease option.

The reason i ask is the most under-valuated risk is typically repairs. 

Now, I would typically use "google maps" to give me an "Idea" of what it looks like, but google maps doesn't display that specific street.. so I was wondering what type of Class of properties would those areas be?

Yes, here funds are typically wired the day before closing.....just as they said, to avoid wire delays, etc.  

Typically, a cash out refinance may be subject to a slight Loan to Value % decrease.As an example.

Banks that list properties for sale after foreclosure typically do not want to take a loss. 

@John Moon This is a very typical commercial loan.

Financing is the 1st thing to pay attention to. 2, 3 & 4 unit properties will still be eligible for 30 year residential loans. 5+ will require commercial financing which has less attractive terms and is typically more complicated, especially on smaller commercial deals like you're speaking of.

Hard money lenders are typically companies/seasoned lenders who do mass quantities with steeper rates and lend to strangers.