In any of the sales I've been involved with (I'm in Canada), neither side ever knows where the financing is coming from.

I wanted to do it years ago but I lived in NY at the time and I didn't want to get involved with those landlord tenant laws.

The fact is that the selling price of a lot might be $12,000-15,000, while a house sells for $200-300,000 and the effort involved might be the same.

Everything else is usually going to involve some type of look at you, financially speaking.  

So far I've been very pleased with everyone involved.

This is because each property is typically evaluated on its own merits regarding the services provided and the level of activity involved.

@Edwin PerezThe BRRRR Strategy involves buying a property below market value, renovating it, renting it, refinancing, and repeating the process.

As long as two conditions are met1- all participants are decision makers - so that no one is a passive investor relying on others to make decisions2- no selling, advertising or soliciting is involved in raising capitalit is also possible to qualify for an exemption from registration of a security using the general exemption for private placement.  

But additionally, since you need someone to share their net worth and liquidity to qualify for your loan, they are taking on some decent risk to not be truly involved with the opportunity for upside.At the end of the day, if you are assuming $1mm down, $3mm loan, whether it is agency loan or debt fund or local credit union, they will want experience (and this could be the professional property management company you hire).  

They may only charge a few hundred or few thousand depending on how involved it is whereas you could save multiple orders of magnitude of what they charge in savings/deferrals.