But, they still require time and effort.

Purchase price: $189,000 Cash invested: $40,000 Mid-term rental property in a college town.

Borrowers should always shop around, especially in the hard money space where it is so easy to quickly get preliminary terms over the phone.

Start to evaluate deals based on the income approach and you'll do much better long term investing. 

Are there specific qualities or terms you look for that make the relationship a good fit for your investment strategy?

I believe interest is tax-deductible if used for property improvements or purchases, and it gives you quick access to funds while keeping your stock portfolio intact.Private Money Loan: If you have a trusted partner and terms that work well for both parties, this could be an efficient solution without tapping into your other assets.

I have some upcoming repairs needed that outweigh the Homestead Exemption and plan to make my primary home a long term rental in the next 7 years but the repairs can’t wait.  

Something more passive via a syndication could work for them, and otherwise they'd probably prefer something simple like a long term single family rental. 

An example might be a commercial tenant with 50% of the space in a building sends an after-letter notice that it now plans to vacate at the end of its lease term in 6 months.

Assuming you are both working and the rentals are long-term, rental losses up to $25,000 can offset W-2 income if your MAGI is under $150,000, with excess losses carried forward.This post does not create a CPA-Client relationship.