As the Branch Manager for RBI Private Lending in Texas, I specialize in offering flexible financing solutions, including bridge loans, construction loans, multifamily financing, and DSCR loans.

Ive also noticed a big trend in private lenders originating 2nds and gap funding and whatnot.

FinCen not having your correct "STREET" address, no PO Boxes, and no private Boxes are allowed, and you would be in violation. 

http://mnsoberhomes.org/   This is an organization of over 20 sober houses in Minnesota run by private people. they formed a organization to help each other.this is a interesting part of a growing need for assisted type of housing.Just thought I'd pass the info along..your state might have a similar organization that could give assistance in figuring out how to start a similar type of housing situation.  

How would you approach the seller to plant the idea of seller financing.Your best bet is to LBO the acquisition through packaging the business into a CDOYou'll take that CDO to private or commercial investors  

Cash, we used a private money investor.

Then you have to think about 401(k) and IRA savings, which longer-term once your balance is built up, you can use a self-directed approach whereby you can use the funds tax-free to invest in rentals, private loans, etc... 

You might convince someone to give you a private money loan from the business side of it.

His Small Apartment bootcamp and Raising Private Money course are good but pricey. 

Are you only doing private money are you doing asset based/traditional as well?