His story, which I believe, is that he sold his house, (which his sister and mother were living in), made a profit, acquired a new house and wanted to relocate his mother and sister.I have met with him, I have had a lengthy conversation with him and I frankly believe him.I guess where my question was trying to lead was: how do I construct the lease to include him as the payee.

But for all practical purposes, this looks like it may be promising.

The houses I have were bought new (at retail) as primary residences (for myself) and then converted to rentals when I was relocated.

I'm guessing you will be relocating to the eastern part of the state but if you have interest in the Charlotte metro area where rents are very strong, lets chat.  

Also, me and my partner/brother are looking to expand our practice to a southern state, so we're looking to grow with a partner, too.

This disclosure is required by TREC rules.The Code of Ethics outlines similar requirements in Article 4 and Standard of Practice 4-1.

Most hard money lenders seem to have common practices and will generally require a down payment, however private money lenders can make their own rules.

Now some might argue this is not good practice because of CC interest rates being high, but I alway let the cash flow handle this until a point where the Crowdfunding assets can build a big bucket of cash, which then I could put into a money market account for future true Capex reserves.Just curious if anyone is doing creative things inside their rentals to maximize the "reserves" that usually just sit there over time at meager checking/savings rates???

But I run into a lot of off market deals in those areas where the owners have a lot of equity and have been relocated for jobs and just want to get what they can out of their property. 

However, if things change and I am relocated in the near future, how does that affect the homestead distinction if I rent it out?