If there was a black and white playbook with simple answers to every question, everyone would be rich from real estate. 

It could just be a simple re attachment and tighten.

The questions you ask require more than a simple post can answer. 

Let me ask a simple question.

I'm gaining traction with simple mailers in certain counties in the Midwest that are not way over priced and provide double digit returns.

There are an unlimited number of questions that need to be reviewed, for the simple fact that immediate family will be your tenant.

The benefit of any line of credit over a simple loan is that you only pay interest on what you've drawn, plus the simplicity of only drafting one loan rather than doing it over and over again.Where I'm struggling is how to apply this to a private lender utilizing something like their IRA.

Simple answer. 

Purchase price: $22,000 Cash invested: $5,000 Bought and made simple repairs to cash flowing property.

They have been gracious enough to not charge me rent while I save.I want to get into real estate, but even a simple 3/2 home is $220k+ (at the bare minimum) in the area that I am living.The rental rates would most likely be $1400 monthly for that home.