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 found this deal through my real estate network, which highlighted it as a strong value-add opportunity in Drexel.

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 

I financed it through a private lender.

I will make sure to show this in a future proposal You used a word that I'm going to highlight:  "i do not have the 20% down and can show them its a good deal.