The advice I was given, aside from private investors, was seek financing from your local credit unions first, then banks.

As a lender one of the biggest mistakes I see on a weekly basis from my investors are tax returns that are simply to aggressive.

There will always be exceptions like the trailer which the Zillow algorithm obviously thinks is on 7 private acres.  

I am new to the area and I was wondering if anyone had any suggestions for private money lenders no cash no credit?

@John Thedford - That is one of my biggest fears in buying foreclosures. 

The only scenario I can see age or lack of experience being a hurdle is if you were trying to secure private or investor money.

When looking for funding how are the deals typically structured for private funding of small multifamily buy and hold properties?

All of the units have their own private backyards, private parking, and tenants pay all utilities.

Go to a new bank (one I haven't done business with before) and do one of the above two things.Go to a private lender and get some type of loan from them.My questions:Is one of these options much better (or much worse) than another for some reason?

It was a single family home and it was a $100 a year fee to maintain a private park.