You can then use this money you save for a down payment on a multi-family home.

How should I best find private lenders who would offer 8% annualized with payment after? 

With $20k in savings and an additional $4k monthly saving rate, I'm navigating my next steps carefully, especially since I value starting with a substantial equity position in any deal.Here are the options I'm contemplating:Invest in a Low Entry Property: With my capacity for a 20% down payment, I'm considering properties in the $100k-$120k range.

The borrower was 11 months behind on payments and between the payments and legal needed $18,560 to bring the loan current.  

Do not collect banking or financial information and absolutely do not use an online payment service that is flaunting the law by linking to bank accounts as a means of pseudo investigations. 5.

One thing I see as a lender is that any kind of owner-occupied loan with a low down payment will not allow you to build enough equity to refinance out of it, even when you are forcing equity with a rehab.

I know this because I have 5 two bedrooms there.You could have possibly been lucky to break even in 2023 but now that HELOC on your primary home that you used as a down payment for your cabin is calling at an even higher interest rate than you planned on because the cash flow wasn't what you thought it'd be so it wasn't paid down as quickly as planned.

60k down payment with a loan from Provident FundingHow did you add value to the deal?

You can really mess up the seller's credit if you miss payments and they can then sue you.4.

There may be other options there.But, from a strategic angle, that is where a random guy on the internet jumps in and says "You might be able to buy the property from your mother on a Lease Option" that you make the payments and maintain the house with the option expiring on her passing date, converting back to her estate which you and any other heirs will inherit".