Many people have the same realization as you, "that real estate makes money" however they let minor obstacles and personal mental blocks stop them from ever competing their first deals.This is a great site to network and learn from.

Thanks so much Jake for helping me through that mental blockade that I built for myself.Best,Shelby M. 

(I'm figuring a deal might be struck at a selling price of 1.4 million give or take)I don't have the $500+K to go conventional financing, but do have $50K to put towards this deal.My inner voice is saying, "That's it, you're crazy and I'm checking you into a mental health institution right now."

@Abidemi OnibatedoFHA or seller financing are two options but I would recommend be careful investing with little money down as on day 1 you are already upside down on the property and having the mentality that real estate always rises when you are cash strapped is not a wise decision

You have to have this type of mentality or people will run all over top of you.   

For real estate investors that look into notes for the first time, it's very common to have the mentality that "if I buy the note, I'm buying the property."

Somehow along the way I got sucked into this "prices low / asses in the seats" mentality.

following what we have learned from Kiyosaki, Trench, Ramsey, Dorkin and Turner and also from the multiple hundreds of podcasts (I'm currently at 295) and books I have read I'm mentally ready but want to able to support multiple mortgages if need be also this early in the game.

Paying off all my credits cards and completely paying off my auto loan has definitely gave me mental momentum to stay on track and pay off my student loan which is my last loan left (excluding my property).

Sellers on the other hand are more resistant to change and have to mentally accept selling for a higher cap which erodes equity proceeds from the sale or they decide to take off the market.