At the age of 50+ and many years of Real Estate under my belt(never as an investor).

I consider rents to be low for the area and could be possibly raised to $1000 (after current tenants/over next 2-3 years).Now I have considerable student loan debt (>$60k) but enjoy less debt-laden company, therefore I'm considering doing this deal with a friend of mine (possibly 2) to make it work and get this first piece under my belt.

I don't wear suspenders with a belt but we use a pan as well, LOL.Don't know your plan, but it's great taking clothes off and tossing them in the laundry, jumping in the shower.

My buyers are experienced investors with lots of trustee sales under their belt.

If I were you, I would start small, get one or two under my belt.

Get some more education under your belt...

As soon as I get a little bit more credibility and a few deals under my belt, working with other investors along the Front Range will be the logical thing to do.Thanks for the reply!

For example, I suspect 2% rule properties are easy to find in the rust belt, but not in NYC.

We're just not comfortable taking that risk w/out more experience under our belts.

Try contacting them first as per your comfortable caution level and see what happens.The most important advice I can give you (having the deal in place or not) is that you come across to the private lender as confident (but not arrogant - don't make it sound too good), professional, and of course it helps if you have deals under your belt.