Good day,I'm a novice investor from Canada and recently found a private lender contact through a private facebook group for real estate investors in Canada.

Like most novice investors living in the Bay Area, we're "forced" to find creative ways to finance larger properties due to the barriers to entry (i.e. capital on hand) l in our local area.

Novice move on my part, but sleazy on their end to entice a new buyer.

Simple ratios and good investing instincts trump elaborate analysis and someone that is a novice investor.

I know there are variety of them: MelissaData, ListSource, Listability, etc.Which sites are a simple for a novice to navigate?

Novice investors who don't know any better might, but experienced investor won't. 

Here's what I understand thus far (forgive my novice naivete): I take out 100k on my home and purchase a buy and hold for the same price that cash flows out enough to pay off the equity line, pay all rental costs, and provide cash on the plus side to reinvest in the next property.  

Assuming you have the proper zoning and lot dimensions it is definitely possible however not the simplest process for a novice to take on by themselves.  

Many inexperienced novices listen to all the hype, promises, promotions, etc of gurus, and their mind suspends reality.Hard money lenders and private lenders do not lend money for a down payment; this would place them in second lien position with no equity cushion, with a borrower with no skin in the game and no capital reserve to call on should things go south, resulting in a probable total loss of their investment if they have to foreclose.Any lender, whether hard money or private money ( who lend short term at high interest and high points) or conventional, want a decent shot at getting their principal back if the borrower fails.  

Im aware and understand most pieces of the puzzle on what it takes to do this however Im novice on putting them together and fuzzy on some of the details.