We've also done some private lending to larger self storage developers as well as secured a nice sized HELOC on our property in hopes of using it on our next project.Our goal now is to build out our rental portfolio faster than we have been to try and gain financial freedom within the next 5 years or sooner. 

are there better ways to show skin in the game for hard money investors?

Although I've looked (and made lots of offers), I didn't realize that it was a whole different ball game trying to secure a loan for a multi-family vs when I bought a condo as my primary residence.I was hoping for feedback on the terms below and if they seem reasonable?   

Is it standard for HMLs to ask for a one-time deposit of $3500 that includes: 1) evaluators going out to property to determine whether it's a good deal, 2) enrollment fee and 3) "skin in the game"?

How much cash flow will it generate and can the property afford to give up 10%, do you have time to manage it yourself, and probably the biggest in my opinion are you wanting to get into this game long term or is this just a 1 time 1 property deal? 

It seems like a decent prospect for appreciation and cashflow since it's situated between JHU and Penn Station and is the site of a fairly substantial development project (Telesis), but I understand the strength of the deal will be determined by what price and condition I acquire the property at. 

Most septic systems supporting a single home are sized one at a time unless planned as part of a larger community.Between the land development, utility costs and bringing in a home it can be a good cash burn, so make sure you have it all spec'd out.

Call it the ticket to entry to play in the big boys game.

Having their pulse on things like community development, employment future, etc.  

Not greedy, just some of the stories I’ve heard making like 5-7K a month would be a game changer, as I make only roughly 2K per month!