But if technically you won't be living there while the hard money is deployed, then they don't need to care about your plans after you exit the hard money loan. 

Fund is when you raise a bunch of capital up front and deploy it over 1-2years+.

., how much cash do you have to deploy and what is your price range to purchase, do you want to invest locally or at a distance, what ROI are you looking to get on your investments and does the inventory in your market support that, are you looking for turn key or are you trying to force equity into the property, are you looking to house hack or are you doing a 20% down and rent it out right away. 

Have your finances ready to deploy once you’re serious.

Patience in deploying capital and willingness to shift sectors are key to successful real estate investing. 

Dave Ramsey isn't wrong, but he is miles from "right" on how to utilize money because he DOSN'T teach or speak of how to utilize, implement, leverage or deploy money as he dosn't know how to himself, hence the trail of bankruptcies. 

Be advised, military personnel are not bound to lease agreements if they get orders to PCS to another base (permanent change of station) or deploy. 

@Sarah MazeIt seems like you sell the house based on the headache and the amount of equity can be deployed to continue growing your portfolio. 

When you get a windfall of cash, there is a tendency to feel like you have to deploy it right away.

@Allison Zittritsch, real estate investing for most people is "active" unless you have gobs of money to deploy.