We have healthy credit card limits and this is what covers us right after we bought a house.When we get out of the acquiring staging we plan on keeping 20k in our reserve account and use the rest to pay off the houses.As you can see each from all the other responses each person has their own strategy.

@Mitchell Jaworski its hard to spend the money when you know it can be a producing asset.

I was having challenges getting the the amount of money I wanted to generate the return I desired doing traditional leases.Because of these new developments it appears there is a Healthy short-term rental market.

A growing workforce is definitely one of the biggest driving factors behind a healthy local economy (and a good place to invest in RE).

Being a top producing real estate agent requires a great work ethic.

@Nick Coonis would it be possible to use your method to produce a soils report for an engineer.

I’m a producer based in Los Angeles, California where I'm blessed to be following my passion in entertainment.

If/when I have $1M, I would look at investing it into value-add or income producing multi-family apartment complexes or retail strip centers.

Equity Harvesting (slow but nice in the right circumstances)Cashflow (while renting) - 2x costs.Financial leverage - More Cashflow and multiplying Equity dispersion across assets that produce a higher return then the alternative. 

YOu can grab one on line.. for free.Unsecured promissory notes are fine for these type of collareral arrangemens unless the lender specifically wants to lien some of your real estate.Your interest rate is low enough that usary is not an issue in any state I know.Be aware though unsecured promissory note as the borrower there is no defense you don't pay they get a judgment very fast and the only way you get out of it is to BKIf you use property as collateral and no Personal gurantee then if you don't pay the lender can foreclose on the property.If your in a Title and escrow state simply go to any title company and open and order tell them your doing a loan.. they will do the paper work.. some wont produce the note. you can do that again on line Notes are super simple no need for attornies for those if you have a modicum of business knowledge..