All good thoughts, in regard to the pros/cons of a 30 mortgage versus 15 years, as related to the end-game of producing monthly cash flow from a property, which, as a CPA for thirty years, I understand the finance concepts; however, I completely agree with the way that @Joe Villeneuve explained it, very simply, that "cash" is a verb, i.e., cash now, can be used again, and again, and again. 

Basically, I am trying to secure the private money lenders interest in the property so everyone is comfortable with the arrangement.Thanks!

I don't know what version this is but it covers some of the basics. 

There are good returns to be had but there are areas  that cash flow better and other areas that are more of long term buy and hold plays - basically, lower risk/lower return investment properties.

I just closed and was given a check in the amount of both tenants deposits.Right away you want to call and transfer any utilities that the previous owner was paying, as well as call and set up a time to introduce yourself to them, as well as lay out clear guidelines and expectations as to what to expect with you as the new owner, ie. where and when to send payment, contact info and info on what to do if there are any issues that need to be addressed.I just closed on a new duplex and acquired tenants, i called right away and started service for water and garbage for the tenants, as well as met with them in person, I showed up with a copy of their current lease agreement for them to have as a refresher, a basic rental application for them to fill out to make sure i had the most current information about employment, tenants, contact info, as well as had them make a list of concerns and things that need repair. 

My question is there is popular talk about the "BRRR" which I love the concept, I'm not trying to knock it at all.

@Barbara GarrettI've never done wholesaling, but if I understand the concept correctly, I think you would want to get the property locked up in a contract to buy before you try to sell it.

So I basically am going to need to shop around for these loans that aren’t standard, but they exist.Right now I’m gathering the funds for a down payment for my first investment.  

It's not that there aren't opportunities here, it's just that my out of state properties have a manager so I basically am retired.

He may be willing to reduce the price by RE agent costs that he would incur with a traditional sale but a bigger discount than that would basically be a gift.Someone that does not have the capital to purchase a SFR in San Diego I would think is unlikely to have the capital to supplement negative cash flow from owning the SFR.