Here’s some guidance to help with your next steps:Hard Money Loan: Hard money lenders can often cover both the purchase price and some rehab costs (up to 70-75% of the after-repair value or ARV).

I was able to get my money back in using business line of credit without touching or doing anything to the property.

It is clear from the interview that their main skill set is raising money and they partner with other "Co-GPs" who focus on the operations. 

If you don't care about making money as a rental, that is my recommendation. 

I tried it in an apartment complex and it was an absolute dumpster fire and lost a lot of money.

Driving relevant traffic to both a website and socials is hard without throwing some money behind it.

Even if you break even, you will lose money every month it sits vacant, when you need repairs, property management, etc.

@Malcolm Brown it is great that you are thinking of the money to fund the deals you are going to get started with but understanding what a deal is, I think, should be the starting point. 

Use Fund 1 and 401k to buy a cheap house with in walking distance to the hospital to continue saving money. 

DSCR loans are not that low and regular hard money loans will be in the double digits.