Here are some ways you can raise capital: 1) You can raise money through your family and friends, 2) seek a private money loan, 3) syndicate or joint venture the deal, or 4) ask the seller to carry the financing.With the seller finance option, you may still need to bring in a down payment, as it depends on how you negotiate with the seller.Where to raise capital is pretty important but how you structure your deal to entice investors to want to take part in your deal is equally important.

My first buy an hold opportunity..Triplex - Fully occupiedlisting price $170,000 (DOM: 73, CDOM: 257)Unit A & B: 2/1, Unit C: 1/1All 3 units rent for $550 (room for increased rents)*Seller is willing to carry back a first trust deed with a 20% to a 30% cash down, 3-5 years at a 8% interest rate. 

You should be meeting with potential applicants and carrying out a personal interview to get a real feel for the applicant.

I was wondering if I needed things like a copy of any insurance the seller may carry or proof of the tenant’s renters insurance, If that would be useful to keep on fIle.

I heard this story last year and thought it entertaining but a bit concerning: https://www.npr.org/2017/06/23/533791342/carrie-poppy-can-science-reveal-the-truth-behind-ghost-stories

There is no blanket right or wrong to this - YOU have to decide how much risk you're willing to accept.I have many investor clients who insure their properties for well under the RCV and carry high deductibles on top of that.

Most of our tenants carry significant dept, often student loans, typically credit cards and personal loans.

I was taken aback recently when the tenant (1 year) asked me to seriously consider selling my house to him using an owner carry contract. 

There are no tail winds to speak of to carry you through bad decisions, but good cash flow opportunities exist.  

So I guess I will wait to use the fund after the full distribution has been carried out.