Also, since I am an able and willing buyer since November 6th when I had all the funds available, but closing was always delayed due to seller, do I have any recourse for having her pay me back the interest I paid between the original closing date (Nov 22nd) and the date when we actually close? 

@Michael Ashe To answer your question - YES there's a big difference.

The original room goes to garage and backyard.

Happy to connect and answer any/all questions you may have. 

If you have the capability to answer calls at any time of the day potentially and do not mind catering to guests, managing cleaners, and contacting contractors, self management is a fine option. 

Thank you,RobBefore you answer any questions ask to see a rental release form that your tenant signed giving permission for you to share the information! 

Looks like Detroit is a pretty popular answer here...at the risk of being redundant...I'll jump on the bandwagon..In Detroit's defense, it is consistently ranked the #1 cash flow market in the country, so it's kinda inevitable.I'm pretty biased towards Metro Detroit for obvious reasons lol.

From what I read this seems like it is an acceptable to do both the originating and the referral as long as it is not a government (FHA, USDA, VA) loan.

George, although it is sad to read about my limited/zero options, I do appreciated the well thought out, clear,  detailed and informational answer. 

A typical hard money structure is 6-9 month term, 2-3% origination, 12% annual interest paid monthly interest only and full payback at the exit.