I suspect that you'll have better luck with a local bank or private money, though it likely will still be challenging. 

Buying fent from a stranger is a safer bet. 

You second property will rip I bet.

Meanwhile, we were paying a crazy high interest rate to our private investor who had funded the purchase of all the homes.

They were a hard money / private mortgage lender out of Las Vegas doing about $30 million annually.

I’m new to BiggerPockets and I’m a private money lender.

Credit unions, banks, mortgage companies and private lenders.They all had the same answer.

Because I am partnering with them instead of simply using them as a private lender, they are getting equity in the deal and splitting the profits with me rather than charging a premium on the interest payment.Im not really worried about the strategy, it is solid with low risk.

Cash invested: $65,000 Sale price: $97,000This property was a very early lesson learned in private mortgage financings for me.

If your goal is cash flow, then your best bet may be to live in it for 2 years, and then take that tax free gain (250k single person, 500k married) and buy elsewhere.