Beyond just the borrower characteristics, you might want to remember the broader 5 'C's' of Credit: Character, Capacity, Collateral, Capital, and Conditions.As a smaller lender myself, I focus on the Borrower first and their ability to get a project across the line with as little headaches (to me) as possible. 

Keep up the great work and we are all excited to see how you scale over time.

Just in the last 5 years the median price has doubled in Detroit (see below chart).

The numbers were incredible How did you find this deal and how did you negotiate it?

Prices have gone up a lot in some neighborhoods.

Purchase price: $100,000 Cash invested: $100,000 Sale price: $646,000 Built this from the ground up.

They finally gave up and decided to rent out their home for $11,000 a month and ended up with a squitter and another article about them https://therealdeal.com/chicago/2024/09/16/homeowners-sue-pr... 

Any tips on cash out refinance?

You may not be able to address issues in a timely manner when they come up.

I have learned a good bit about the management of those properties since.