Completely agree with Ann (and Bill)...
If you have other -- less expensive -- options, use those first. 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. And I wouldn't be surprised if I do at some point in the future.