I.E. are you paid by the mile, by the weight, is it long distance or a local daily route, etc. 

Quote from @Scott E.: If you connect with a private equity lender within your network (friend, acquaintance, contractor, family member, etc) then you come up with terms that are mutually beneficial.I've structured a lot of private money deals over the years and they have changed based on the lenders needs and the deal itself.Regarding your question on funding the entire down payment - This will be a harder sell but still possible, you'd just need to make the terms very attractive to the lender. 

I agree with @Scott E. on this.

They know what to expect.I also send my tenants  a bill for rent or monies owed via mail, or e-mail. 

@Bob E. 

Hi @Bob E. 

Income and expenses for the rental are recorded on a Schedule E then then the bottom line (gain or loss) moves over to your 1040. 

So with zero leverage, you have 20% of your money at 15% and 80% of your money at 5%....so you make a combined, weighted average of 7% in Plan A.If you happen to have $500,000 in real estate, and you experience nice appreciation....you'll also further do better with Plan B, rather than having $100,000 appreciating in Plan A.

You might find one that is not as experienced based or puts more weight on credit etc. 60% of ARV seems low usually it is 65% to 75%.

It works great, is easy to use and I get reports as well, like my Schedule E and Profit Loss etc.