If you don't have other options, and you're confident that you can still earn a profit despite the HML fees/costs, then there's absolutely nothing wrong with HML.A lot of successful investors got their start using hard money, and I know some very successful investors who are STILL using hard money today (though at rates a bit better than typical hard money), because it supports their business and growth model and is their best financing option given their particular situation.Personally, if I were to go through all my cash and private money, I'd happily use hard money if I could still make money a deal.

The software at Rich Dad's seminar had amazing features that I feel would make my life easier as a REI.

I have one rental and a second that is to be on the market very soon. i plan on managing them up until i feel the work load is more than my time is worth, but i do have a question for yall.from my understanding a "typical" contract with a management company would be 10% of monthly renth and 50% the month when they have to get a new tenant. besides negotiating the rate, have yall ever heard of them charging 10% of mothly rent, but you as the owner get new tenants. in this case you would not pay 50% of rent when you get a new tenant.this would not be to cut cost so much, but maybe the owner wants to control who is in the house, but not manage the other stuff throughout the year.thanks for any input.

This works for most transactions, but as mentioned above, it would be fraudulent to do it with a short sale given the affidavit the buyer typically needs to sign.

Granted, that accounts for demo of the existing structure, but it does not account for the cost of the land which is typically a little more than demo costs.

Typically for NonPayment of Rent its 3months.

Is it typical for the property owner to include the PM as 'insured' on my liability insurance?

It came up in conversation today that a typical real estate transaction for my Brokerage we are charging 6%.

Aaron makes a great point, MH have great cash flow (or can) but get no appreciation, in fact, they depreciate typically in comparison to less cash flow SFR but better opportunity for appreciation.

Here in Texas renters typically pay for everything - all utilities- water, heat, hot water ect.