Things are going well of course a few hiccups but through determination not to fail things are on schedule.

I'm also thankful to my business partner, who is the ultimate business developer and has showed me how to be a better marketer (I'm still learning.)What We've Learned from Our First DealWe had some communication hiccups with escrow, where an appointment to sign docs with the seller was cancelled last minute creating some inconvenience and frustration.  

Assume a loan of 318750 (75% LTV) @ 5.5%, 5 year/30 Am your payment is around $1800, which leaves you closer to $1450/month net or $17400 annually, which is more like 16% cash on cash - that also assume you aren’t splitting the profits, if that’s the cash it’s more like 8.2% CoC.Now as a passive investor one could certainly do worse than 8.2%, but this also assumes no hiccups (like long vacancies).Given your statement about not knowing how to do rehab, I’d be pretty nervous giving you a check for $100k, and as for the alternative option, you’d be hard pressed as a rookie to find a hard money lender that will give you 90%.As for other options, will the seller finance the whole thing for a short while while you bring up the NOI?  

Others, I invested along side the investor. 

That finally closed after an appraisal hiccup in late October 2016.

If you do get pension money, it's usually invested indirectly via a JV Equity partner that is in the business of raising pension money and investing that equity in the funds of real estate operators, or as a co-invest alongside those operators.I did, however, recently have an interesting question posed by a lender regarding SDIRAs. 

About 10 years ago, I had the privilege of working alongside an incredible mentor.

I am also looking for a mentor that can alongside of me and help with possible pitfalls.

@Arthur D @Mike James Since you have similar goals along with similar hiccups why not meet-up and perhaps do a joint venture or two.

As you are creating the partnership, make sure that you are identifying, negotiating and solving as many hiccups as possible along the way.