to ad d a little color to the conversation I first started in the HML space in the mid 80s in SF bay Area as a CA RE broker.My dad had used HML or private money since the late 60s in Northern CA.in those days 70s and 80s most hard money or a lot of it was 80 10 10 on owner occ.. because you could not get more than 80% loan to buy a home ..

Mary the state school taxes can't be paid late.

*Any late fees collected stays w agent.

Today I had my third tenant tell me, not ask me, that they were paying rent "late."

This is a fix and flip loanFred, did you ever get this sorted out - it's probably too late. 

., I appreciate your conservative approach.15% combined (7.5% each) for repairs and CapEx is probably enough.I haven't talked with a HML lately, but I was seeing rates of 12% and 2 points.How much can you push on the purchase price?

Only conventional loans under government guidelines are required to allow borrowers mortgage extension.For any borrower who heard from from a servicer that they don’t have to pay and they will not be marked as late. — The borrower needs to understand other terminologies used by servicers reporting to credit bureaus, such as “Paid not as agreed” etc.

Just realized a tenant hadn't paid rent (my bad. 25 days late) called them.

Last night I realized that one of my units ($650) hadn't paid and they were 25 days late!

Lease start/end tracking, rent tracking, automatic payment reminders and late fees, and a lease end move out process that simplifies a lot of the work related to security deposits and charges.