In my short experience, the typical HML I’ve seen generally loan at 25-30% LTV with a note duration of 1-3 years, with the main benefits being a typically fast close and not having to go through a traditional lender for a Fannie/Freddie loan.

Before I pose my question, let me start off by saying that I completely understand every RE deal/strategy is different and each comes with its own pros/cons, as well as your own personal goals/desires, etc, etc, etc.So in a very generalized sense, if a would-be real estate investor has the option to start investing in SF/small MF RE, or being a passive investor in a larger syndication deal... which one typically is better (ie better returns on your investment)?

The license course takes a couple weeks of my time, and it will be about $500 to get the license (that is with courses, exams, books, and other fees).The house is generally worth $220,000. 

You are right about the property management bit in that three-families generally require more maintenance and upkeep vs. condos, but the returns are fare more superior. 

As a purpose built rental the price is generally driven by the rental income not the emotions of buyers.Pull your home equity to invest but do not expect to be reliant on the income when you are unemployed in 4 years.

A lot easier to find the court order.....if it actually happened it’s in a court file somewhere and shouldn’t be too hard to track down with the parties names and a general timeline, then record it.

In most instances, a general contractor is going to put in far more hours and have a lot more responsibility than a real estate agent, attorney or bookkeeper would, unless he's just being asked to do minimal project management. 

Usually my buyers were generally happy with this price.Well I've just come across sellers who want to sell build-able lots, I've never wholesaled lots before which has put me  grey area of understand on what to offer them. 

@Benjamin PiferHello, to my knowledge there is no restriction on this as long as the construction was performed by a licensed general contractor and followed building codes/permits. 

Okay, full transparency...I am biased...As a 30 year broker, licensed General Contractor, owner of a property management firm, and the owner of 16 investment properties, I think self-managing to save property management fees isn't worth the hassle, learning curve cost or the liability and risk.