One thing that happened back then its the rise of all this private money..

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. 

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

Typically, the initial upfront for the rehab is either cash or a high interest loan (hard money or private). 

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

With training, it's great.Time spent varies from Client to Client, but I'd bet they probably spend ~30min answering our questions and clarifying transactions to close out the year.

My Question is if i have a private investor loan me $70K for 5-7 years (his terms) at 12-15% (not compounded).

Bacon is more yummy than a Christmas tree, but I bet I'm going to have a whole lot less regulation growing Christmas trees... however, before we even get to that, it's necessary to know that the inquiry is even about bacon v Christmas trees, rather than Bacon v grapes. 

Private mortgage insurance i believe is not charged on va loans.  

You second property will rip I bet.