They have had windows replaced, electric upgrades and other nifty fixes done by previous owners.The older homes often have much nicer yards and are often really strongly built.

Perhaps even leverage the loan option for an 8plex if I decide to partner up with another investor on ownership where partner also takes out a 5% conventional to help fund the purchase and split ownership in a way that makes sense. 

Depending on the owner's situation and using a variety of negotiating tactics, my business partner and I have been able to get significant discounts while buying properties from those owners directly. 

I am willing to partner with anyone who is serious!

I bought a property last week with a new partner.

I am currently in a partnership with 2-3 partners on flipping homes out of state.

So, have a strong, transparent system where you don't need to hide anything.Most investors move to syndications as a passive LP and therefore gets away from the liability issues surrounding owning direct ownership in rentals.

Hard money, partner with the seller, or cash.

@Zachary PetrakYou would need to refinance to a DSCR or traditional loan to pay off the private lender and seller financing.This important to get the buy price and construction costs correct otherwise you will be upside down and not able to refinanceThe other option is to partner with someone and give up equity for them to contribute funds.

He and his partner Daniel Martinez were just on the latest episode of Steve Trang's Real Estate Disruports and they go through how their busines works, etc.