To be clear, you're asking if there are any benefits to a loan which allows the lender to go after you personally in satisfaction of the entire principal (simply speaking)?

But we are discussing anything in particular, or just speaking in platitudes? 

Speaking from experience, there is a ton of helpful information on here to learn from on here.What kinds of property are you thinking you'll buy?

I am fairly well-versed in construction methods and materials, but short on time and manpower, so-to-speak.  

Your response is always, "I am addressing that as we speak, and you are still obligated to pay rent regardless. 

It's hard to rent new luxury apartments in a recession.  

You're safe because I haven't ever planned on speaking there.If you are a lender, suggest you chime in with your area of expertise and knowledge in either hard money or conventional original, as is appropriate for your level of experience and working knowledge.

Speak truth at all times and let the reader/listener make the decision!

The new car was a luxury thing on my part just in case my 15 year old car having trouble (Which it did) I just talked to my dad.

Guru speak.1.