Found one yesterday for a client and ended up in multiple offers, secured it but had to go over asking.

Investment is $15,000Monthly interest only payment of 1%, $150.00Principal of $15,000 returned after 12 months $1800 return (12% annualized)Secured by note and first lien mortgage Perfect for the first time Private Money Lender.

A friend of mine is flipping a couple of properties and she was looking for some private capital.

Depending on the language of the contract, the buyer's lack of ability to reach the hoa (which is pretty lame) likely doesn't extend their timeline to secure financing and close, thereby letting the seller off the hook since the buyer can't perform.As mentioned before, some clients are just a waste of time, some you should help just because it's right, and may lead to some pay off down the line.

I only ask as anyone bank, lending institution, private lender etc... would like to see that you are aware of what it takes to operate and sustain the business as you will be "owner occupant".  

SO do you see these charges/ prior to the PM sending out the final for security deposit disposition.. if not something is lacking..The charges by the PM for turns  seems unruly and high.. a inspection charge.. what the ???

I normally do move-in fees in place of security deposits here in Chicago.

Wanted to survey all the multifamily managers out there and ask them how much of the actual unit turnover costs do you deduct from the tenant security deposit?

Anyone know of a hard or private money lender that will work with newbies?

Personally I would either sell and 1031 exchange or refinance the properties and pull out equity or just raise private money for the deal.