It's because you don't know the laws that give your lease the teeth you desire.

For one, you can't hire someone to paint anything unless they are licensed with a C33 (painting specialty contractor for CA), bonded, and insured, plus have client/inveestor named as additional insured, very basic stuff, without these 3, the contract and liability will not be bounded together.

:-)  One of my most frequent private lenders is 78, and a number of my apartment investors are in their 70's.As @Dmitriy Fomichenko mentioned, the key to using your 401(k) money is to have it in a self directed IRA that lets you invest in assets other than stocks, bonds, and mutual funds. 

They won't give you the best terms and from my experience it's like pulling teeth trying to get a loan approved.I have no clue about getting a loan on multifamily/commercial as a foreigner but I would assume it would be an even bigger nightmare trying to get a larger loan approved.Most lenders here are all about a social security number and BS credit scores (Credit scores can be manipulated even if you're a broke A$$) lolMuch success mate

My company is not bonded in PA, however, there are companies out there that have all sorts of great non-QM mortgage products, like 12-24 month bank statements, asset valuation.  

We will need insurance and bond for the CCB (contractors license). 

So, unfortunately, what many do instead is LIE THROUGH THEIR TEETH.

I like MF and commercial retail, and own some in NZ.We cant scale it up in NZ, as there are not many to buy which are more then 4 units, we don't have buildings of 10 units under one title, these are all independently owned. purpose-built multi units buildings with 10+ units are rare as hen's teeth. and the Auckland market which is where im investing has median house price of 850k. so 4ples cost over 1.5mil and the yields are very low. like California and NY etc. 

Maybe they can give you an estimate but then there's sweat equity vs. handyman vs. licensed/bonded contractor prices.

Anyone can place a lien but remember you can bond out of that lien then sue their *ss.