I'm exploring alternative financing options and would greatly appreciate insights or experiences in similar scenarios.Key Points:Property Location: Cahokia HeightsPurchase Price: $17,000Rental Income: Approximately $1,500/month via Section 8Condition of Property: Updated plumbing, roof is in good shape, needs AC unit, paint, flooring and cabinets and counter topI'm considering reaching out to private lenders but would like to gather opinions on:Feasibility of securing a mortgage for a low-cost property.Attractiveness of this deal to private lenders.Any creative financing strategies that could be applicable here.Legal and tax implications I should be aware of.Potential risks and how to mitigate them effectively.Any advice, suggestions, or contacts in the private lending space would be immensely helpful.

She's finishing mfa, relocating and no job yet, but solid prior work history.

If you have any further concerns or suggestions, please do not hesitate to reach out to me directly at [email protected] you for being a valued member of the BiggerPockets community.

If all looks good, I suggest a one-year loan with one automatic one-year extension for another 2 points, subject to on-time payments, taxes & insurance paid, etc.

Thank you Carl for your input, I will go through the software's you suggested, our portfolio is close to 70 units. 

Despite the small town feel, lots of research companies, an Amazon warehouse close by along with high paying science, tech, research jobs and even Costco is now building here.

(Being that most apartment building in downtown lisbon are small and only need refurbishment on the inside no structural repairs needed).Which offer incredible yields both on a rental basis or from a fix & flip perspective.In my specific case I don’t have the required funds available to enter on my own and therefore am looking for seasoned investors who would be willing to enter on a partnership or joint venture to invest (all legal, with written contracts obviously).I have seen people with no money but the right skills and connections for the job be successful at it.

As landlords, it's unfortunate but risks are part of the job.

Any suggestions and places where can I get this templates or forms from?

I run a property management business here in Colorado Springs and have seen this situation many times over.If your goal is to build wealth, then I would not suggest selling the home.