Hello, my name is Julian. I am a licensed realtor based in Atlanta, Georgia, and I am currently working on obtaining my mortgage origination license. I am 14 hours into the 20-hour online course offered by "RealEstate...

Somewhere in the middle is likely your best bet for a 20 year timeline.I have almost 50 units here myself and that's about what my portfolio is cash flowing at this point combined LTV is around 65% as loans have gotten paid down and values have went up.

You can buy a rental house, put $60,000 down and you will have to get a non-recourse loan for the rest of the mortgage.

A self-directed IRA or 401k can be a great vehicle for loaning money to others without getting hit with taxes on the interest income.

When my loan was not going to close, it was one of the options that my broker and lender told me about and actually referred me to for a conversation.

(Keep in mind there are Fannie Mae maximums on the number of personal loans you can have - which is 10 per person.

Also, have you looked into DSCR loans for the refinacne portion?

My belief is that you will be challenged to realize a 10% savings loan n your first effort and there is some chance it will cost more than if you used a GC.  

Once the rehab was done I refinanced out of the private loan into a conventional loan as a primary residence.

I'm a licensed mortgage broker and have closed loans with clients out of the country.