@Sarita Scherpereel runs meetups in Chicago so she may be able to point in the right direction.

While sophistication of your equity partners (private money lenders) will vary between residential and commercial, the principle of raising private capital is the same.You need to develop your own system which allows a constant stream of PML even when you don't need the funds and/or don't have an active deal under contract.For example; I raise private capital by offering free educational workshops for people with self-directed IRAs.

I'm not too hung up on this, because the margins still appear very attractive (from what the agent speculated ARV). my hesitancy stems from a lack of experience and direct steps/plan of action to take on a property I like. 

I prefer public comments here before you send a direct message, though. 

I have actually envied some of the numbers i see there but dont know enough about that market and am not ready to start investing in that direction yet.

However, nearing retirement, with our past experience in mind, we decided to try it again, this time just rehabbing one house to flip.So, I set up a self-directed IRA so we could use the retirement money we had left after the recession, and bought a foreclosure house that needed a lot work.

Would help if you stated what questions you had so people could reply right away.I have knowledge on HELOANs but not direct experience.

He did a good job but looking back on it now I think I could've done alot better with more insight and direction How did you finance this deal?

Might pay the appraiser direct or something, but any lender fees have to be on a HUD-1.

That said, I am still on VRBO, GVR, BDC and direct.