Also makes private lending easier.

In our view, experience and integrity are by far the most important parts of any private loan.

The biggest hurdle in the Scott's model is the Deed for Contract.

They would not be offering you a hard money loan (loan based on the hard asset) and instead they are lending to you as a traditional lender with private money.

My biggest concern is not the concept itself.

@Matt Wanyes but... is that actually your biggest concern? 

Another great option is the BRRRR method (Buy, Rehab, Rent, Refinance, Repeat), where you buy a fixer-upper, renovate it, rent it out, and refinance to pull your cash back for the next deal, and this is a good route because most private lenders can go higher LTV than on a rental loan! 

If you own the balcony (check CCRs, I have a unit where I don't own my private balcony) then it is all part of the unit.As an owner, you're on the hook for the actions of your tenant.

I do a lot of private lending and we do make some passive interest, but the good fixing flippers make the bulk of the money.

My biggest conundrum now is I want to be my own GC because even when I play with smaller numbers they’re still out of reach for me to be able to attain this goal and afford the monthly mortgage with taxes and insurance.