Monthly payment comes to $917,  plus another $350 for taxes and insurance so ~$1280/month due to the seller.Using a private money lender to fund the deal, borrowing ~$130,000 @ 10% interest rate, interest only, principal + interest paid as a balloon after completion  or 12 months.House is a 3br/1ba 950sqft. near a university.

It certainly is possible (private loans, partnerships, syndications, creative financing, etc).

I don't know if I did it right, because I prefer NOT to get a traditional loan for my next property.... and I don't know how to estimate (or even GET) private lender loans.My buy box is;- Something I can use for long term rental AND MTRs.- Less than $25K in rehab- Quick rental potential (<3 months rehab).- Low crime, low foot traffic- Access to restaurants, grocery and job (hospital, university, denver tech center, denver downtown)- COC ~5-6%My preferred method to buy is Sub-To, so I would like sellers (and agents) who are ready and willing to consider this.

All the private options are in the high 9's or 10's and a bridge loan is too short. 

Quote from @Anthony King: Are there any rules/regulations regarding private lending from family members?

I'm new to BP and trying to build a team as I dive into more frequent and long-term profitable REI.I've been doing SFH rentals over the last 15-18 years, but it's all been very traditionally financed (ho hum, 30 yr fixed) and as such has limited my ability to invest more frequently, and grow a portfolio.I'm here to learn how to use more creative financing strategies (private money lending, Sub-to, seller financing) to acquire 2-3 units (duplexes, tri) and 5+ multifamily properties. 

Hi @Cash WhiteI'll send you a private message.

"Additional Insured" on Insurance Policy to Property as CollateralHow specifically should a private lender be mentioned on the owner's insurance policy to a property used as collateral to a loan.

Currently lower income, but lots of development going on here public and private

I think it will be a big year for you if your properties were not affected since you will be offered a higher rental rate through private insurance housing.