You pretty much had the outline for the double close above which you do need the purchase amount to do.

From using the Airbtics app it seems there are a decent amount of STR's in the Jacksonville urban core, where houses are pretty affordable, and that these have good occupancy rates. 

Its certainly not appropriate for 99% of the viewers on BP that are primarily interest in either rental property long term or fix and flip short term.  

I would look for a bunch of Sub To Deals with 2-3% interest rates ...... then rent out for cash flow and huge equity build up when rates are really low (check out amortization schedules and compare 2-3% vs 6-7% with the same balance and length of time - check out the principal portion each month - the lower the rate the higher amount goes to principal PLUS better cash flow).

I see how that would keep your utilization percentage down (and thus help your credit score a small amount), but I don't see how it saves you actual money. 

Just in the last 2 years, PadSplit has doubled the amount of units on the platform thanks to hosts like you. 

Understand the basics of private lendingResearch real estate marketsDetermine your investment strategy and criteria for loans, including:- Amounts- Interest rates- Repayment termsCreate legal documents with a lawyerNetwork with real estate professionalsPerform due diligence on potential borrowers and their projectsBegin with smaller loans to gain experienceMonitor your investments closelyConsider joining a private lending group for additional resourcesStay informed about real estate trends, lending practices, and legal regulations

My idea to buy a home is to get an 80% LTV 1st mortgage from a bank, take over that mortgage and give the seller a second mortgage for 50% of the 1st mortgage balance because I need some cash to cover the payments, which the amount of cash would be more than the remaining equity in the home.

I am having the same connection issues with Stessa and they haven't been able to get it fixed.

If we find damages, we withhold the necessary amount from the security deposit to cover repair or replacement costs.