Examples: When traditional rates were avg 3.5, I was getting 10%.Now traditional rates are approaching 6% and I'm getting 12%.So I don't want to lock in at 12% and watch my spread erode. 

If you want a brick fourplex with 1:12 roof, shared laundry room, off-street parking, and a live oak tree in the back yard, start spreading the word to everyone and their brother that this is what you're looking for.

Even your 135k offer was high. 135k + 10k assignment + 45k = ARVThere’s no spread. 

You'll be making money (cash flow) on the spread between the interest charged to you and the interest you charge out.2 - As the bridge loans are paid off, continue to lend out the principle that is paid back to you, and...the cash flow (spread) that is paid to you as well. 

I want to avoid hard money and spread my risk by partnering with someone. 

I would happily carry millions upon billions of debt at say 4% with 0 thought of ever paying it off if I can deploy that and get a say 9% return, for that 5% net-spread.     

Cut the rate to get some people in and spread the word.

The money partner isn’t necessarily trying to earn a spread on the deal until after they are paid back, made whole, and the cash in the deal becomes zero. 

the reason why I am so against this kind of  mindset/talk is because that this is what keeps the masses ignorant.ONE person can't do something so they spread the message not to bother.So if I listened to people like you when I first started... this would NOT be happening for me:because, the following would never have happened way back then , when I first started:Now you can understand why I am fiercely against that kind of talk

However, I am not entirely certain on the spread of that portfolio, but the “$50K in cash and $950K in equity” you mentioned seems appealing.