We rented the property for $2000/mn and had a private mortgage of $743 How did you finance this deal?

Took about half a year to learn how to walk, talk and even eat again, but bounced back to my love for real estate investing and the two things that transitioned me from just wholesaling to actually buying deals as an investor was creative finance and private money.Bought my first rental property in Easley, S.C. owner finance and one of my best rentals I still own today was bought subject-to! 

private real estate syndications are another option to passive RE investing, but IMO require a lot more research before buying than REITs where you have a professional team managing under SEC regulations, with public accounting and filings.

Will Add in CA  there are 3 ways to do the Private loans.. 

Trust documents are not required to be publicly recorded, ensuring that details about the trust remain private.2.

Will interest rates go up or down when Freddie/Fanny are 100% privatized?   

The most common foreclosure rescue scheme unfolds when a homeowner receives a solicitation in the mail that promises short-term financing from a 'private investor' offering to pay off a delinquent loan:The homeowner is told they can stay in their home and rent back from the 'investor'The homeowner is convinced to transfer the title of the home to the 'investor' as collateral.

Debt Protection: If you have mortgages or private loans, a life insurance policy can protect your family or business partners by covering outstanding debts in the event of an unexpected passing.4.

This is an example of private lending which is different than the IRA owning real estate and does not trigger UDFI/UBIT tax.

I did it privately, not telling friends/family.