@Mitchell Handley  Sorry for the ate reply.

I’d prefer not to use my personal money as 20-25% down payment and find a way to use private for  purchase and rehab  and then I can refinance with conventional loan , I’m just trying to get that research down to a tee .

I ate PBJs and lived in a shared house paying $600/month (if I were renting a 1/1 apartment I would've been paying $1,600ish/month) for years while I was making between 50-125k/year just so I could save every possible dollar.

.  ($200K is around the MEDIAN value in this area)  That increased rehab cost to finish out a nicer house, and the increased days on market seriously ate into our profit margin.  

You can also get referrals of these lenders from other investors ate RE meetings in your area.

Next, go talk to an attorney about your real strategy, but then they be unaware of the CFPB ate how they are getting on the war path in any consumer deal including real estate transactions.

We had one lady try to sue us because she says the bedbugs ate a hole thru her leg.

So how do I learn the 3 steps that you mention ate the end.

I'm no expert in this area but these are just my two cents.Pros Reduce expenses Gain land lording experienceCons Hey who ate my lunchables!?

In the end, holding costs ate up all of the profits and we split a LOSS instead of a GAIN.In hindsight, however, the experience and insight that I gained from working with him proved to be very valuable.