And that can cost you time and money.

Double your money on your 60% left over. 

Or just sell it at a loss… I need some guidance here, I know very little about real estate investing other than I know I’ll be losing money after maintenance and paying a property manager.

And you probably need money for living expenses.

fee of $5,000 to which I responded, "with all the money out there seeking a place to be, why would I need Lendbase to shop for a loan for me?".

U guys let it get this far over 3400.00 its your fault.. even if you did something wrong.. who is going to go to arbitration for such a small amount of money..

If it is a private money/ commercial style  lender, it is a relatively simple process.

Private (hard) money might help with renovation but will be pricey.

Value your money more. 

You don't want to get a call 3 months into a project where you have lent money and hear the operator say that they ran out of money and need more money from you to finish the project or you will lose your investment.