Private Money is simply money from a non-institutional source...such as someone lending out of their personal IRA or from their savings. 

My goal was to just take his month late payments and give him a non-renewal when his lease is up.

Quote from @John O'Leary: Hi Joe,We’ve worked with several PadSplit investors to secure financing, and while these properties cash flow really really well, they do come with challenges—tenant turnover/issues and being the biggest ones.One hurdle we’ve seen is that getting financing can be tricky since PadSplit rentals are still considered non-conforming by most lenders.

Non-QM DSCR loans will allow you to refinance the property at the newly appraised value after 90 days from the original purchase IF you took a loan for the initial acquisition.

Old and outdated buildings - These non brick built in 1900's buildings are 95% likely to need a full gut rehab, and at the asking prices or even under, these major scale rehabs don't make too much sense.

I am on the board of the RPA (Rental Property Association of Wisconsin, a non-profit) and typically hear if things like this are an issue from our members or attorneys.

I was able to secure $27k from my parents as a direct non interest family loan and $8k from our savings.

We have been helping the general public for a couple of years with a variety of designs and floorplans for their Tiny Homes.

You can still build two separate homes on the same lot, offering investment flexibility.The streamlined approval process is a huge advantage, cutting out the red tape of lengthy public hearings.

I want provide another prospective of REIA clubs as a president of Northwest REIA, a non-profit REIA in Portland OR.