The usual way, but not the right way, to try to buy a rental is by finding a property on the MLS, where agents congregate, make an offer and then try to get financing to buy the property.

I have found my first multi-unit property that I am going to make an offer on. 

If I create a debt fund that offers 9% interest on first lien notes with a 5-7 year payout, would that be attractive to high net worth investors?

Id keep looking if it was not an approved short sale ( even an approved short sale takes a very very long time and theres no guarantee that you will even close on the house after months of waiting). q1)There are plenty of non traditional lenders that could offer you construction financing if the numbers make sense but it will cost you with points and a higher rate.

A couple of things I like to tell my newbies-Owning a short-term rental property can offer significant financial benefits.

You can try to attend virtual events, many real estate meetups and events offer virtual options.

@Susan Tan you may also have lending options in the Houston area that offer 100% LTC financing for rehab projects.

We are actively managing two fund offerings, one focusing on real property (REO and off market properties), the other focusing on Pre-REO (vacant first mortgages).

If the PMC isn't hiring, offer to work as an intern. 

Some rehab loans offer 90% of the purchase price and 100% of the rehab costs.