You have a balloon coming anyways, so all you're buying is a few months of lower interest and in the meantime you're burning days trying to figure out how to pay for the rehab. 

If you have a ton of money burning a hole in your pocket and don't know how to put it to work for you.3.

I even got an email from a private lender offering a loan AND the collateral due to the borrower burning through capital and now they are stuck with it. 

Quote from @Lisa Burns: I'm an experienced entrepreneur, but new to real estate investing (no deals under my belt yet apart from my own home).

He still asks you for a small fee to make sure that you're a serious buyer and that you're gonna buy his offerings so he can get his fat commissions.

(A) creating a complete system from 0, to source these potentials, build the websites, pay the PPC fee's, maybe some billboards, maybe some radio and tv spots, maybe pay a marketing team, then a coach to figure out how to do all the things, or burn $$$$ for a few years to sort it all out.---- OR ----(B) Network with the REALTORS who already have done ALL that in (A), and have gotten dang-good at it, so good that they are weekly/daily sourcing potentials.

Thanks for the feedback but I'm completely burned out on analyzing deals.

You wanna burn it, burn it.

I do not want to get burned here! 

I always have family and friends giving me negatives like " what is it doesn't rent" or who is going to "pay that much for rent" or "what if the tenant burns the house down" are these realistic situations and how do I prepare and understand to to come back if anything like this happens how do I plan ahead.3. should I go for a newer house with little to no rehab for 415,000 or something like 350,000 with like 10-20 in rehab?