And if they don't deliver, you need a truck and an extra person.  

Private Money is simply money from a non-institutional source...such as someone lending out of their personal IRA or from their savings. 

As a lender that has also personally invested in many properties, I think both sides can get too greedy.

She did so and left a note with the person who showed her the house. 

Just go ask Shaquille O'Neal.Simply because one person can't doesn't mean others can't. 

I've personally found the bulk of my Chicago purchases off the MLS.

Conversely, a lack of charisma or poor screen presence could hurt a person - ask any radio personality!!! 

Are you buying the property in your personal name or LLC?

The first is having a personal portfolio of 5 passive rental properties, not including my residence.

It sounds like a single family house where you will be living in the house(personal use).Therefore, you may not be getting the tax benefits you think you are.Consult an accountant.I am not sure why your sister would agree to this as well, she is losing $170,000 in this transaction and she faces the possibility of you increasing her rent.You also have to charge market rent or close to market rent or it is all deemed personal use.