Another option is to look into some funds as well that allow smaller investments. some are anywhere from 500-$10,000 minimums and accept non accredited investors (through regulation a+).If you ran numbers of a loan paying p&i at 10% but ot being able to reinvest the principal payments you realize how low your returns actually are. so yes notes are great but also understand that idle money for any investment is not fun.

Well, what would you do with that extra cash flow? 

Rental arbitrage has worked really well for me in Berlin, generating solid profits with a high-margin model.

Also lender and banks should have confirmation during purchase as well as appraiser 

I'm happy to be a resource as well.

I tried to do a cash out or heloc on this house but it couldn't be done because of the price it was low. the house is located in Rockford il, planning to buy in Rockford as well since I live here.

I intend to add a closet to the den and make it a 3 bedroom adding value as well as remodel the entire unit.

A well-structured deal with a clear exit strategy can be just as valuable as a full rehab.

We live well, have a nice house which I built from the ground up and saved 200k off the top. 

Hi Cecil,We're based in Redding as well and operate Authority Property Management.