Its not at all difficult to do exactly that, especially if you start leveraging that money or you invest in any sort of leveraged private placement.

I'm about to purchase a residential property with a private seller & no agent involved.

Find a private money lender.

Maybe that's a So Cal thing, and maybe it's not, but this is probably a better question for an attorney or private investigator than a real estate investing forum.

I'll tell the sellers that I'm working with a private lender.

check redemption periods as well as hard money/private lenders for financing..but first things first, what is the redemption period in your state?

This isn't a real estate course, the program offers funding from private lenders including rehab monies.

There is no need to do bank financing.. especially in this market.There are also many private lenders who would be glad to put up all or part of the money IF you buy below market.

So, lets say I was able to locate a a decent retail or apartment with some value add play and I was to use my private lender to fund the deal; would I be able to refinance with a local bank as long as the income from the property was able to support the debt?

Over the years I've made some bad decisions and guess still making em, I.e. investing in stocks, over the board lifestyle, kids going to private schools, big house, expensive cars etc.I just turned 40 and all of sudden I realized that I don't have significant savings, what if something goes wrong and I cannot continue working or suffer a huge loss.I had to set a goal for myself and my goal is to earn atleast $25K/month passive Income in next 4-5 years.