I'm gonna dig deeper, I'll post when I get somewhere with this.

@Lee N. asked me more questions in a direct message, but I think the answers are relevant to anyone looking at this discussion, so I'm posting my answers here:Lee's questions: Once I get deeper in this process, I may have further questions, especially about picking contractors and how to shorten the closing time.

The IRS can audit an individual and if something doesn't smell right they may dig deeper.

I have been lucky though, in that I have a few contacts with deeper pockets.Now the problem: I pitch the property (the numbers support my words), and have my team in place, but despite their interest, potential investors aren't moving fast enough and the properties are selling, so I miss out.So my question to either those who have been successful obtaining private money or those private lenders who are active lenders - What piece of your pitch do you attribute to closing the deal (or agreeng to lend)? 

The forums are another great way to gain deeper insight. 

I am pretty sure there are many metro areas across the Midwest or across the country where you can find similar "deals".Sounds pretty sweet for an out of State Investor considering such a "deal" or anybody else until you look deeper and understand why the seemingly good deals on paper may not be such good deals as they sound.

I haven't gone deeper into it because, again, trying to work on my credit (it's not awful but it ain't great either).

., those are great questions to help dig even deeper.

My short term goal is to start flipping to magnify an initial investment of $150,000 before delving straight into multi-family units.

I looked at a few of the listings and they all said "bank owned" but I apparently should have dug deeper.