Be wary, each fund has risks (some are "levered debt funds", some lend in second position or at higher LTV than you will like, some may lend in regions that make it difficult to foreclose, some may charge high fees or offer low returns). 2) To ask them if they have any notes for sale - Be warned, lenders may try to offload the loans that they don't want to keep on their balance sheets.

Closed and funded!

I have an option to purchase a plot of land in Los Angeles at an attractive price but I do not have the funds to exercise it.

I'd look at ground up deals if you have the funding you can build at almost 50% equity in Miami. we do deals in columbus and even the most aggressive deals and the cheapest land which is 25 times cheaper than urban land here compared to urban land there we can still only get to about 60% equity compared to here and that is based on a 12 story deal, if you go more vertical you get even better.

Low barrier to entry as well!

If you have unlimited funds then the following. 

(This article suggest you may be able to go as low as 5%)Joe

Quote from @Bonnie Low: What type of units are the 4-plex you're looking at?

You just have to season the funds which means get it into a savings account 3 months prior to the purchase application.

As the months go by, we are running low on cash.