Hard money, like @Andrew Steffens said is for temporary funds to buy, fix then refinance.

The party with custody of the funds has the legal obligation to do this under the tax law if they hold the sales proceeds.

My question is that if a deal has a mortgage subject to an existiting loan and a private lender funds the purchase of the enry fee (wholesaler fee/agent fee/cash to seller/etc.)

According to my calculations, using Brooklyn's property tax rate of 0.78%, the tax should be around $354 per month based on taxable value of the property, not the $716 estimated by the agent.

How do you change your rate based on your market and the vacancy status of your listing.

So now I’m stuck at the stage of choosing a market.I have ~$60k saved up and set aside (separate from personal expense/emergency funds).

Replace a 5% cap rate with a 20x EBITDA and you have the EXACT SAME THING.

The properties all cash flow nicely and current interest rates range from 4.25-5.25%.

Then every little claim means my rate climbs again.

If business, ordinary rates + self-employment tax.