Sounded to me like a guy who had been around and who carried on a good business approach to RE multi-family.RE is a business, if you're business minded, an astute student of business, you'll find the podcast a great introduction into the business.What was not explained was the interpretation of the business, the demographics and drilling down to the street level of the project which is absolutely the key to multi-family housing.

@Will SandersWelcome.Check out the Start Here page http://www.biggerpockets.com/starthereCheck out BiggerPockets Ultimate Beginner's Guide - A fantastic free book that walks through many of the key topics of real estate investing.Check out the free BiggerPockets Podcast - A weekly podcast with interviews and a ton of great advice.

As you can see, the key is to find a lender that works with investors and "Gets it" then they can help you find out what is the best plan of attack for you.

I buy my washer and dryers slightly used on Craigslist for $30 ish (just make sure they are nice ones, "wanted" adds are key for this), and $30 each could potentially add you another $300 in month.

Think of REI as a 4 legged stool.Leg 1 - Buyers - for Investors, FHA Buyers, Tenant Buyers, Owner Financing BuyersLeg 2 - Sellers - A B C D Areas, Needs Work, Pretty Houses, Equity, No EquityLeg 3 - Funding - Bank Loans, Private Lenders, JV Split Partners, Hard Money Lenders, Owner Financing for Free and Clear Houses.Leg 4 - COIs - Center of Influence Referral Partners - Only after you have success stories, like CPAs, Attorneys, Financial Planners, etc to refer you business.Techniques include: Wholesaling, Rehabbing, Lease Option Flips, Sub2 Rent Out, Sub 2 Lease Option, etc.Private Lenders for Buy and Hold was your question.I would focus on sub2 and rent out.

Beautiful family build the legacy.Check out the Start Here page http://www.biggerpockets.com/starthereCheck out BiggerPockets Ultimate Beginner's Guide - A fantastic free book that walks through many of the key topics of real estate investing.Check out the free BiggerPockets Podcast - A weekly podcast with interviews and a ton of great advice.

@Jeff Lubeski,To make the @ work, do the following:Hold down the shift key and type @?

Creating a lead generation strategy and sticking with it is key.

I don't have a huge amount of financial resources at this time, so financing the purchase of properties is a key point of interest to me starting out.

I would not let that picture influence any decisions about the property.!