Consider offering equity partnerships, debt financing with profit sharing, or preferred equity, where investors get a fixed return before you share profits.

My number 1 tip would be to go off market and find owner that wants to sell at a discount / prefers speed and convenience. 

It looks like this particular investor preferred the low level price point and the risks that come along with it even though he was buying from a company who could offer him both types of investments on the complete opposite side of the risk spectrum.

Yes, as I'm doing more research, I'm finding that I would prefer to invest in markets that I know personally, so as not to rely on external variables completely.

If there is a choice to be made, it comes down to what an investor "likes" or prefers about one over the other? 

We would have preferred to work with them within reason to make it a quicker and easier process.

Hey @Brad Roche - We do a significant amount of renovation loans (both Fannie May & FHA) here in Chicago and prefer the Homestyle loan only because it's less stringent on the borrow about what they have to repair, and they provide the general contractor a material draw at closing which helps the project start on the right foot.I thought the minimum down payment was 5%.

Then, each person with money in the deal would get an 8% preferred dividend until they get all of their money back.

Love it.Best advice I can tell you is to prospect prospect, you must lead generate, meet people tell them what you do, preferably face to face, but also on the phone, online etc, albeit I prefer and spent most of my time on face to face meeting and conversation.

There are a few ways you can handle the renovation which all comes to personal preference.