What I would bet dollars to doughnuts on is that with respect to charging fees and usury issues and lending requirements, I'd say half the private deals made by those who "really do" lending on the side so to speak would not be compliant.

Definitely look into the 1-4 unit financing as I think that will be your best bet as a new investor.This video may be helpful when evaluating deals as well

Saying I'm a great person and then entering an unfair, unusual, non-customary transaction that provides unusual benefits for the type of transaction at hand will likely be seen as predatory and there goes the claims as to any reputation.Consider what I've said here in detail, in depth and with thought as to doing odd ball transactions in financing or in real estate.

Your best bet is with local banks and the big banks.

@Jonathan Richards - You can narrow down the results by entering things like "Washington State" but the odds of people writing that are far more slim.

If you do want to get financing do it before you quit because it is almost impossible w/o a W-2.Why not consider instead of one or the other of quitting or staying, maybe a 3rd option where you quit that job but find ways to bring in other income.Keeping job usually best bet until you are solid financially.

If they raised wages from 7.50 to 12(not 15 they are asking for) I'd bet a burger price could go up a nickel and more than cover the wage increase, but the burger lords will probably take the price up a quarter and profit even more (watch and see).

But I will bet in 10 years wewill all be glad we skipped those things

You're betting values will go up and you can sell later for a big enough profit to cover the negative cash flow while you're holding the property.

I bet CJ already knows that.