@William Mccauley is the $2600 rent total for all the units or just the three  you are not living in?  

You use hard money when you are lacking one of three things: 1.

I'm starting out my investing in downtown Cincinnati, Ohio because I've lived here for three years and I think I understand the market and its drivers, and prices continue to appreciate.I see real estate investing as a way to build a base of passive income to make sure I can take care of my family if their health or the economy fall on hard times. 

That gives you sufficient leverage and gives us the opportunity to do the best we can for you to see that you are in good shape to exit our loan.

After construction, which I had estimated at 200-250k, it would have three 1 bed room apts, two 2 bed room apts, one 3 bed room apts and a coin operated laundry for the tenants.

Excess amounts paid are considered a down payment and that can always be refunded in any court.Ohio recognizes the uniform commercial code, as do all states, there is nothing unique about Ohio with respect to types of contracts and now, this year, the IRS makes the determination of an installment sale or purchase contract at which point other agencies can then follow suit with applicable laws to the type of contract you may have.Using the words "Option", "Optionee" and "Optionor" are not sufficient to define your intent to sell, that comes from the amount of money paid, the term of the agreement, the price agreed, and the likely intent of the buyer to execute the agreement.

It was a three family rental that we bought from a family member that wanted nothing to do with it.

All the other companies that I have spoken with have shared two to three names for me to touch base with.Also, you have referred to a link....Can you send the link, please.

The issue is that you have other identification abilities and are not restricted to the three-day method for some reason.

Three adult children have taken control of it.