They DO NOT, DO NOT push yield.

Depends upon the price point and the expected yield after taxes.

Even if I purchased the property with conventional mortgage the $ on $ would still be strong, 15-17% with it yielding $1000-$1100 pure cashflow per month, but I would really only be interested in this deal if I could BRRRR it with hard money and pull out all or most of my $$ invested. 

Personally, I'd pay down high yield debt and keep doing what I'm doing because that is what I do, and I enjoy doing it and the maximum allowable ME time it provides...

so 240k a year at say a nice 8 to 10% yield you simply need to invest 2.4 million in cash. 

Yes, I invest in high yield dividend stocks, that have good revenue and dividend growth (other benchmarks as well I check before buying) for cash flow, as well as a LTR and a STR, and a couple of notes for a good mix. 

Such small loans tend to get beat up on % based fees so that the lenders can maintain a minimum yield. 

Since they are almost exclusively 30-year terms, the risk is much higher for a buyer getting an under-market yield for a long-term duration, whereas hard money thats a year or less, that "risk" of having a lower yield for longer is much much less.

Mt Washington is a great area and will likely yield great income.

It's worth considering whether a conventional loan appraisal might yield a different outcome.3.