I don't have private lenders in my family/friends group so I'd have to rely on hard money lenders but I still don't see how that is financially viable at all with the high interest rates and balloon payment after, say, a year.  

Maintain your integrity, only say as much as you need....

So $75k NOI at lets say a 7.5 cap is $1,000,000.  

I would say a better strategy might be to consider liquidating a property or two to raise cash to live on while you get your finances back in order.

I'd say a lot of it went over my head but its awesome to have this amazing community where you can seek out answers and get intelligent, relevant information from people who know what they're talking about and aren't pretentious about it.

Also what is the average management fee paid once over say a 12-plex? 

(Same as above just different order) the reason for this is you want to get the monthly interest rate.This is because you are not being charged interest on the interest and your going to compound monthly rather then daily like say a cc or car loan could.

I've learned that you shouldn't consider everything they say as a fact.

Chris T.Sure you have 5 people who commented on this post offering help and not being a jerk, but what about the other 100 investors who look at these forums, don't say a word but go to the seller directly?

I say a video saying that is possible but did not explain how?