LOTS Of fake lenders work BP  face book linkdin etc.if you cant find anything on them I suspect you may have run into a fake.the telling clue will be1. rates too good to really be true or lower than industry norm2. too quick to approve you..3. they want a modest deposit up front and give some BS reason why the want it.4. no website ( although many fraudsters have generic websites website alone does not mean anything.5. check on licensing.. there are only about 12 states that require licesnes. not sure about our state thoughBut I would say 95% if you cant find anything on them.. and any of the things I said above are what they are telling you,, cheap rates small up front deposit.. probably not real and you will just lose your 500.00 bucks or whateverOh the other great one is you have to buy an insurance policy because your new or a little weak on the financial side.. there are NO insurance policies for private loans if you fail to pay.. that's just another fraudulent payment to a non exisitant entity.real estate lending has become the new Nigerian prince scam..

I’ve come across a couple properties that have flip/wholesale potential but they would need to go through non traditional financing.  

You may want to do some direct mailing to non-owner occupied duplex owners - these are usually the best deals because they cut out the middle man.

If the previous owner allowed them to smoke or park non-operational vehicles on the property, then you may have to allow it.

I shouldn't be posting because you asked "for feedback from active investors",  and I am on the sidelines with non-residential projects at the moment.

Solid plank vinyl or good quality laminate (in non-moisture environments) is excellent and lasts far longer than carpet, and is able to be repaired.We find that most tenants appreciate the hypo-allergenic properties of a non-carpeted environment.Just a thought for the future...

If using a lender this is a non issue.

And you'll still have to pay tax on the proration from the periods of "non-qualified use" (as a rental). 

@Rick S.Unless there is a legitimate non-tax reason for your partner to pay the $20,000 closing costs.

I'm looking at a small NY owner occupied, non-performing 2nd with a performing first being sold by a company that has other NY notes.