Many other investors have asked themselves (and others this question) but what I believe it ultimately comes down to is what are your goals (how much money you'd like to make), are you physically able to manage it yourself and do you have the right organization and systems in place to do it on your own. 

  :)  Many Indians send money back home to repay people that bankrolled their studies in Canada. 

Notes are all about velocity of money - faster the money comes in the more valuable the note.

I did my research and requote what would benefit both me and the investor, below is the Finalized CORRECT format of the proposal:Listed price on the property: 459,900MAXIMUM amout of money down on the property: $380,000Method of Payment: CASH OFFER from Investor.

Don't attempt to figure things out on your own or act as a GC or PM when you are using other people's money. 

Even if you break even, you will lose money every month it sits vacant, when you need repairs, property management, etc.

Where do you find "local" hard money lenders?

The expert you are looking for is called a Land Surveyor, they're going to want 5k-15k, if you want to make any money on your project you need to build a house so you also need an architect, they will want 10k-50k, if you're in a hillside zone you will also need a geologist, they're going to want 10k, you will also need a biologist, they're going to want 2k-5k.

The investor would buy an ugly black box that produced money if it was the right price.

private money lender How did you add value to the deal?