Many are private owners just subsidizing their mortgage or they would not be able to afford the house without renting it out much of the season.

If you want to discuss more you can always send me a private message but so far I don't see any negatives with purchasing the multi-family.

I do potentially have access to private money if needed, and a 401(k).

I haven't investigated this option yet.

I also did some investigating online and see the renter has a tendency not to hold down a job.I offered asking price (fair market) because it was the sellers bottom line and the fact there were already tenants renting.

The ones I manage total to 20 bedrooms.These rooms rent for between $125 to $225 per week depending on room size and amenities in the room (beyond basic amenities may include: Desk, Tv, private entry, tenant controlled AC, additional storage).This month after padsplit takes their 14.25% cut of the revenue I am recieving, from the units I own, $15,230 from 3 homes.

What is you guys best ways to find true private lenders not "brokers". 

Hard Money and Private Money How did you add value to the deal?

. - Land in scenic areas for potential as a low density campground / private park / RV Park. 

However when I would do work outs it could be a challenge for private second holders to understand the pickle they were in.All the more reason every investor should obtain qualified legal consultation before investing directly into notes