You seem to have a bug up your butt about hard money versus private money, @James McGovern, as it seems to be your favorite topic.

And maybe lose other customers/sales. 

Getting into a property with no reserves or access to money will likely lead to bad things.

Even in my own business, where we own about one 800 units across Massachusetts, New Hampshire, and Maine, the only times we have ever lost significant money were the projects where we drifted outside our buy box or took on something we did not fully understand.

That money has a due date.

@Kelly SchroederPrivate money for purchase and DSCR loans to refinance out of the private loan.

It’s how you catch the 70%+ of applications that contain some form of income misrepresentation.Screening is where you make or lose money in this business.

Additionally, make sure to look at the risk involved as far as losing your nest egg, or part of it.Good Luck!

We're not looking at anything stagnant or losing equity without an insurable event.

You’re spot on, most investors lose money in BRRRR not on the buy, but in the bookkeeping.