Think of all the things that could go wrong and see if the lease addresses them: unauthorized pets or tenants, early termination, security deposit, lease violations, late rent, eviction, lawn maintenance, parking, etc.5.

I made a few contacts on BP and presented my deal I was approached by both individuals trying to partner and an offer for private lending.

We do not represent private landlords or owners directly.

It was stressful, there was a possibility I wasn't going to get the loan, and I had to be flexible (had to do 20% down instead of 5% in order to get the loan and I had to escrow money to do repairs after closing.With any distressed property, especially a property without utilities on I would try and buy cash or private money from now on if possible.  

Hey there, I’m working on getting my first deal going and will be going the private money (uncle) route for buy and rehab.

Later, when you find a deal worth pursuing, you can re-advance the funds from your secured LoC.

Is that considered a good LTV for private lending?

. 🙄 I feel they are pretty standard for the market:Applicant must have current photo identification and a valid social security number.Applicant's monthly household income must exceed three times the rent. 

I'm talking start to finishAppraisal, underwriters, inspection, title search, etc...From a real bank for conventional loan.Hard/private money is faster which could be more likely for you a flipper...BUT if you're selling to FHA or similar it's going to be closer to 60 days to close on the buyer side...

It's true for many Americans - in fact, the man who created the 401(k) in the 70s regrets it, because it created a false sense of security and many will indeed find their retirement savings woefully inadequate.