FYI they don’t do discounts, free trials, or anything like that

After I ran the numbers when I did eventually get some experience, I realized we would actually make a profit 🤣🤣🤣🤣Our plan was "Get in there, U may lose money on the first one but GET IN THERE".We have actually decided to do a trial STR cashflow for this property and see how that pans out.

@Rohme WilliamsThere are many variations of how private lenders deals are structured.  

Rules of the loan don't seem to care about this (as long as you qualify credit wise).I'm new at this stuff and have been doing extensive research over the past few months, because I'm in the process of searching for that first multifamily to purchase using an FHA loan.Two additional important points:FHA lending rules have some variation from state to state.  

Matthew charges around 650-675 with Private service and Kathy's firm charges $310 total from beginning to end which is pretty awesome.I'm currently in the middle of a trial with Matthew so hopefully it will turn out well.

Those type of sites are generally not free though, although you can usually get a free trial to test them out.Best of luck.

If you get the multi-unit you could implement variations of this to include keeping one unit for yourself or one bedroom in one unit.

I discoved an amazing thing......I started to make more money, work less and had time to go to real estate seminars, buy tapes and books and build a savings, Oh...... a supportive wife was a big help........married now this Wednesday will be 47 years.I'll be 75 years old January 16, and as I look back over the many years of Trial and Terror, I don't think I'd want to start over learning to be an investor.What I didn't have and new investors have today makes this business easier; a computer, cell phone, Internet, Bigger Pockets and lots of folks to render help and encouragement.

To come up and speak about some trials and tribulations they went through to get to where they are now. 

We are nowhere near a workout of residential foreclosures.Nationally banks have 300,000 residential reo's with another 700,000 bank owned but not yet listed for sale.About another 1,500,000 to 2,000,000 residential properties in pre-foreclosure that are short sales or are just 30 days behind all the way to having failed trial loan mods.Most of these properties will be foreclosed as they work through the system or failed loan mod to BK to eventually foreclosure.So in my opinion we are about 3 years away to work through most of the residential stuff.You have to remember that distress is not evenly spread out across the U.S.There are markets that have continued to go up and have zero to little foreclosures.Then you have the speculative markets that are first to rise and first to fall with wild swings in fluctuation.Then you have market that dip and recover but the decline is not as severe and is spread out over time.Whether you wait could depend on your strategy to buy properties.If you are long term buy and hold properties might dip a little before hitting bottom but that gain might be offset by higher future interest rates.If you are paying all cash then waiting and having the interest rate climb by 200 basis points but buying for 50k less might be a winning combo.You have to really explain your game plan more.Investing is not a one size fits all approach.