Hard money loans are more appropriate if the property is not livable (with conforming loans the house has to functional, although still a mess), or you are a more seasoned investor and it fits in your business plan.Hope that helps. 

What makes a house a good fit for one vs. the other? 

I’m having trouble finding any properties that fit my criteria.

Your syndication may be the perfect fit for a Canadian borrower that does not qualify for a loan or doesn't want to be involved with property management.

I mean,  those nice people.The way you do it is just going to Zillow, look at the properties recently sold (that yellow ball) make sure the properties are as close in location and characteristics as your subject property and you just pick 3 to 7 similar properties and you take the average of the numbers, or you calculate the cost/square foot which ever fits the situation better and you get that number.NOW... this "solid" analytical method, I did when I was more of a beginner.

@Steven Spinicchia Most of our clients fit the description you laid out here.

There are other options/entities where you can hold your assets, I would look into those and see what the best fit is.

What should I ask from them to verify they are a good fit for the KP.I read that the KP's biggest risk is if I file bankruptcy and they become personally liable for the loan and get sued by the LPs. 

@Bill F. it is all about disclosure IMO.

We could address your concerns and if this fits your needs we can make adjustments and lower your premium. 3.