It varies deal to deal, on one property maybe up to 65% LTV, but if you have more collateral the more likely they can make something work.For example, I've done numerous deals where we place a 2nd on 4-5 properties and the lender feels comfortable lending x amount of dollarsThese are very non traditional loans and no two will ever be the same.

Additionally, a fund allows for diversifying much quicker into a larger number of notes (and which also can be further diversified by geography, underlying real estate asset type, strategy etc.)The downside is that the investor has to feel comfortable vetting sponsors (and not everyone does).

Quote from @Brandon Morgan: Slow is smooth, smooth is fast.You move at a speed that is comfortable for you.

I understand the value of stretching our comfort zones.

I've settled today with my family at a cozy and comfortable rental where we have power and water, and wanted to respond first to thank all of you for your responses -- I'm so grateful for the kind words and information.

After that, you'll be much more comfortable and have the confidence to take action when you find a good deal.

That is what I did in another market to get comfortable.

The area is loaded with men on 1-2 year contracts who have homes some where else and they just need 1-2 years of safe, clean, comfortable housing and the only other option is seedy hotels.  

It really comes down to your comfort level with debt and your long-term strategy.

It depends on the laws in your state, the agents and clients comfort zone, as well as insurance.