If you're willing and able, I do recommend the "house hacking" strategy which is just a fancy name for buying a rental property and living in one of the units, because you'll get very favorable financing - an owner-occupied fixed-rate 30-year mortgage.I'd also say, analyze that property as if you won't live there and it's a pure rental, and make sure the property is still cash flow positive if there's a tenant in your unit because then you'll know if it's actually a good investment.And when you analyze it, include payment of a property manager in your #s because if you don't, and doing so would make it go cash flow negative, then you've just bought yourself a job because you literally can't step away from managing it without losing money.

People have to remember that the seller finance space fills the gaps that the banks leave behind. 

Do you have any tips on how to approach and structure deals with private lenders for scaling?

try to get the owner to finance it.. 

@Jacqueline Wright  Every auction is different so the first items to check: do they allow financing if you win the auction? 

For financing, I recommend you reach out to @Andrew Postell

Lots of misconceptions about LLC's when it comes to financing real estate.

Hello I found a property that needs 100k in repairs and was wondering if I could get a loan for an uninhabitable house or should I do sellers financing and finance the repairs?

If you did finance some of the purchase using a non-recourse loan, then you need to read up on UBTI/UDFI and there are some taxation benefits that the IRA can achieve since it now owes taxes in that scenario.

I also want to hear from those of you who have transitioned out of a full time job by doing out of state investments/creative finance - how long did it take you to transition out?