I've been in this space for 10+ years and have closed a tremendous amount of commercial with rates typically at 12 + 2 or 3 at the most - Riverdale Funding needs a    #Realitycheck  if you are looking for Hard money lenders that understand  the business and are willing to work with you on getting the deal done, i would highly suggest going to the Pitbull conference, most of the lenders in attendance have been in this space for quite sometime and are very motivated to earn your business and make deals... ( https://pitbullconference.com/ )  they also have an extensive list of lenders on their site..  

Big message at the recent STR wealth conference was to not be afraid of saturation, in that there's a reason why everyone's investing there.

RE probably won't qualify as tools of a trade to be exempt from judgments.Quality of properties and management is the first defense, insurance is second, third comes any benefit, if any, by the business structure, after that you could be all alone. :)

Perfectly reasonable and defensible position to take. 

Pumping the tank when it needs it and running a camera through the lines are the best line of defense. 

Your only defense is stringent selection criteria for tenants and to NEVER EVER EVER take a security deposit.

@Michael Baum I got it from one of the sessions at a vacation rental conference.

What your guy was telling him while I was on the conference call was absolute ludicrous.

That's the best way to get their defenses up and cause embarrassment. 

I explained it’s not a good reason especially when there are other options such as a conference call.