"Before borrowing money from a friend, decide which you need most".

Notes are all about velocity of money - faster the money comes in the more valuable the note.

These programs offer options for less money down and in some cases DPA - Down payment assistance.As a banker for over 18+ years I am very skeptical when I hear a new name in the business only because its become tougher to lend with all of the new laws and credit/insurance requirements and regulations.  

And how much money are you making in your current job that you would want to replace with your real estate income?  

I'm sure he could give you some pointers on setting up a business and creative ways to save money.

I think having a balanced budget would be ideal where you allocate money into buying another property and money set aside for renovations.

Even the funding alone is easier since you now have a cash flowing property that can help you fund your seed money faster. 

I tried it in an apartment complex and it was an absolute dumpster fire and lost a lot of money.

I wanted a house for myself to live in and I had been living with parents for two years to save money.

Spending the owner's money, not saying anything, and letting them discover it while reviewing the monthly statement is unprofessional.