We found a private investor by taking to friends and family.HML's are good if you are going to flip or be able to refinance after rehab, but isn't a good long term strategy.Few will be clamoring to mentor, but you can invite other investors to coffee or a meal to pick their brains, or offer to help seasoned investors to get the experience.  

I did go to County Line BBQ and Rudy's BBQ and man that was some good meal.

It just means that when you do, you nix the drinks and expensive meals and stick with water and an appetizer. 

My wife and I would be invited to the Sunday meal which was normally held with family and friends at their favorite  Chinese Restaurant, It was wonderful. 

In North Conway and Bartlett you have to pay 9% state meals tax as well. 

Talk to anyone around you when you're standing in line at the store, having a meal out somewhere, ... just strike up a chat.Ask folks what they do - they'll likely ask you the same.

If it's only 70,000 you would have to sell a ton of houses to make anything each year.Example 3 houses a month closing at 70k ( rock star for a new agent ) is 210,000 gross sales a month X 12 =  2,520,0002,520,000 X .03 commission = 75,600 gross income - 30% broker cut (22,680) = 52,920 gross to agent.You then need to take out cost of meals, training, MLS dues, supra key, gas driving around to show properties, image expenses upkeep,office supplies,etc. 

Feel free to email me or call me, I am going to be in Cincinnati for 24 hours today if anyone would like to meet for coffee or a meal.

If 100% occupancy at 7,100 a month by 12 is 85,200 gross by at least half costs is 42,600 which at a 10 cap is a purchase price of 426,000 without any immediate CAPEX needed for repairs.The 50% is based on ongoing maintenance and not CAPEX which is immediate repairs that are deficient from the previous owner deferring maintenance to show a healthier cash flow than what is realistic or expected.

To do this, I'll need to syndicate the deal, which meals I'll need to possess a track record of success in (I'm assuming) smaller deals.