Also, I have "good" credit (right at 700) but my current job situation is an interesting one - I receive a monthly salary that is paid on top of receiving room and board.

I'm ignorant on the subject but from what I have seen many people say that local credit unions and banks are by far the best way to go for loans and bank related transaction for single families.

Pentagon federal credit union...up to 80% LTV.

Then I would say this is constructive receipt and you should report it as income.However, if the transaction is something more negative and the borrower is not doing good and doesn't have the $110,000 to pay you and you are extending him additional time/credit in hopes of him turning things around - then yes I would argue that you wouldn't report income in this case.

Thanks Account Closed  I am in the process of acquiring business line of credit and home equity.

Is using credit card debt a bad idea?

Here is a hypothetical scenario for the borrower:Assuming the loan is against a 2-3 family rental bought with cash.New investor, first investment propertyOwned by an LLC (single member)Want to pull cash out for another deal.The single member would qualify for a conventional loan (good credit, low debt to income etc.)

The RMLO will provide you an underwriting  package with the following items: STATEMENT OF COMPLIANCE QUALIFIED MORTGAGE REPORT CREDIT REPORT PROOF OF INCOME REQUIRED LOAN DISCLOSURES SUPPORTING UNDERWRITING DOCUMENTS CLOSING DISCLOSUREThis underwriting package will also help you sell your note for top dollar if you ever choose to shop it!

This makes their pro-forma numbers look better on the exit.In addition to this, there are lots of incentives for new development (tax credits, grants, TIF funds, etc.), so depending on the project there could be some degree of subsidization.ROI does not take into account time/effort. 

Try the local credit union.