@Brian Hughes gave you a good brake down of what to do.

A $50/mo rent brake is huge for a college student.

This would be a piece that a siding contractor would bend up on site using a sheet metal brake.

BRAKE PEDAL!!!     

I am sure the lender is braking some law.

Something happened where the brakes got slammed on and the Asians quit.

Rates and fees are higher, terms shorter, and loans can be tailored to the borrower's needs rather than the aftermarket loan buyers and compilers.Hard money loans are a type of private loans, hard money lenders are private lenders but not all private lenders are hard money lenders.what Jon is describing as private lenders are actually peer to peer lenders; these are individuals, usually not too sophisticated, that have a few bucks to lend and will lend to a small investor/rehabber.

About a month later after marketing I received a call from an absentee owner and she wanted to sell a luxury property and she is willing to entertain offers (as she did not receive any offers and only had 3 showings for the 4 months it was on the market).

The opportunity cost to not build.New construction is going for 300/sq foot and above so after market value around 900k.

The high rate of return on rentals acts as a brake on dropping home prices because then investors will want to invest and help bring prices back up by buying properties as investments.