I’m also a realtor so I earned commission when I buy/sell the properties for the LLC.

Instead of attempting to keep a borrower on the constant edge of failure and earning less, it's actually more profitable in the long run to advance your borrower more like a partner than a servant.Many borrowers also assume they can't get conventional financing, while I know some HMLs point them in the right direction, I'm sure there are just as many who would allow that borrower to continue thinking that the HML is his only hope.With that, if HMLs were to address a better standard of ethical and moral conduct thier public standing would certainly improve, being known as a specialty lender than a "hard money" loan shark.

I want right to market property and right to extend closing 30 days for an extra 200 cash.

Offering security deposits in extra cash help a lot.

For a few extra $$$, you can get the version that OCR's your documents making them searchable.

I always like to have extra data points on rehab pricing, so please update this thread with what you ultimately find.

By the way - check out these two articles from the BP Blog, as they might give you a little extra insight: 1.)

Your points were very identical to what he mentioned.Any extra advice is always welcomed!

Insurance – they have extra liability protection when they lease option to me.

Most of them were just letting me know there was no property to speak of, it was only an empty lot.But I just got a new, updated list from Listsource and have included extra parameters to exclude these types of listings.So far, no deals, but getting there!