I get that you are from there so you are getting emotional and taking my comments personal, which were not my intentions. 

Question: Should I collateralize the loan (if using private or hard money), or rely on roll-over loans (to maximize the lower points and 3-4% rate)?

In those days it was possible to locate and tie up a “killer” deal, and close the transaction with absolutely zero of the investors own money.

Quote from @Allen Berrebbi: Quote from @Dominic Mazzarella: I have personally owned and managed a multifamily property in Illinois and after selling it I said I would never invest in that state again.

Do you have a personal connection to S8 properties or are you mostly looking at it based on the expected returns?

However, I also have ways for them to pay with cash, card, money order, cashiers check, and personal check.

I've never spent money on inspections/environmental before having the property under contract.

JeffWe lead a couple investor meet up groups in person and live stream about the Central Ohio real estate market.

I didn't understand why I could not get my money out of a free and clear asset. 

He has been saving his money for years and has plenty of money saved but no experience with real estate investing.