Quote from @Carrie Matuga: @Becca F.

This entails carrying out in-depth market research, examining prospective properties, and drafting a comprehensive investment plan that details the risks and possible rewards.Establish Credibility and Trust: It's critical to establish credibility and trust with possible private lenders.

It's incredible a business operation like this can carry on without repercussions.

If you ask the right questions and carry on a 'landlord to landlord' conversation you will get the information you need to decide whether they will be a good fit for you or not. 

Define your investment goals, familiarize yourself with related terms, evaluate your financial situation, begin small, investigate markets, establish investment standards, cultivate professional connections, carry out exhaustive due diligence, investigate funding alternatives, and determine whether to manage the property on your own or by hiring a property management company.Decide what you want to achieve—stable cash flow, long-term growth, tax advantages, or all of these—and dedicate some time to learning about them by reading books, using the internet, taking classes, and attending seminars.

If they get a bank loan of 75k, I will carry the remaining balance on a ten year with balloon. 

It's important to note that investing in any real estate, especially in the turnkey market, carries inherent risks.

What if it's a seller carry on a free and clear property?

Its time for me to get serious as I want to build a long term rental portfolio that can carry on through my golden years and for my children to one day take over. 

This could help slowly nurture your list by getting them to dream about a future home upgrade.