You can certainly get 1% in the range you described but also k ow you are not normally in that great of areas.

What is the normal payback time of a MHP?

I was impressed by his professionalism, and unassuming, unpretentious Just-a-Normal-Guy-ness.

They would normally ask the simple question...

I’m sure it changes for different lenders, but what is the normal rates and things paid for are my main questions.Thank you!

This is the normal legwork I do at the beginning of every project - find out the requirements AND the process for approval. 

How to effectively convert legal county records/address to a normal everyday address 

My wife and I have been wanting to get some skin in the game in regards to purchasing our first fixer upper.

Is it normal for there to be a nonrefundable deposit (say, $500) in addition to the assignment fee?

The borrower and the security (the asset and docs associated with it).As a lender, you want to ensure the borrower has a performance history, can show skin in the game (some of their own capital placed into the investment), and has experience in performing on the particular investment.For the asset, you need to make sure your a LTV (loan to value) does not exceed a set amount you choose to give you “cushion” in the event the deal goes sideways and you need to take the property back.Your loan docs are also important and should include all the things you need to protect your investment such as a deed of trust (or mortgage in mortgage states), promissory note, balloon rider if the loan is not a fully amortized loan, personal guarantee rider (which is only worth something if the borrower has personal assets to go after), etc.For the asset itself, you need to know the strategy (buy and hold or fix and flip) verify the condition and amount of repairs, know the current market value and future market value after repairs, and have a plan in the event you need to take the asset to recoup your investment.