@Dan Harrison - Intersting, tough question.

Hi Safeer, it's been a while when this thread was posted but very intersted in learning more and working together on property management database.

The loan I'm looking for is something similar to what First Interstate Bank offered us when we bout our house in Wy.

513 E Paris is basically right next door to a major interstate, and as a result that block is never going to turn into an area of major appreciation... and I'm guessing you will have some serious turnover in that spot.

That leaves:$120KARV - $35KRepair - $51Kpurchase - $8KLoan Interst - $6KSelling Commission - $2KSales Transaction Costs == $18K profitThis may be an acceptable margin in theory for you.  

The first is to register your offering with the SEC (for interstate offering), or a state securities agency ( for intrastate offering).  

However, like Chris also mentioned, your loan payments may even remain unchanged  if your are considerably lowering the interst rates on your current loan (Like with the 12-15% rates you will usually see from a hard money lender or prime rate mortgage.) if you are doing this for yourself on your personal property however, then the benefits lie in that you can get back all of your down payment on your home, releasing cash for renovations, paying off debt, etc. 

My name is Josh and I'm intersted in becoming a successful property owner

Also intersted in rentals & index funds.

I am also intersted to hear from someone who has used crowdfunding.