Post Marketing Checks: Check for deed restrictions, perc test, survey, and title.

If you start simple and small and stack the deck in  your favor, odds are you will find it easier to see where your path might lead. 

First for odd jobs-pay them after they are done, don't take money off the rent.

The problem in your case is that banks understand conventional lending and the associated restrictions but have no idea what a private money loan is and how they differ.

If I'm in your shoes, I would consider chatting with a couple of lenders to start off with mainly because your lack of income history would restrict you in terms of the financing you'd qualify for. 

However, much of life is about putting the odds in your favor. 

The area I live in has no restrictions on how much you can raise the rent, but I will not be raising them all the way to what each unit should be renting for because they are great tenants.

Are there any city/county restrictions in St.

There are some restrictions you should know about when lending in your home state.

The availability has recently been more restrictive but some lenders were/are offering lower down payments for investment properties.