Thinking this may be my best bet to starting out as I have money but no income to be able to get a loan.

For a flip I’d be looking for something way more straightforward that’s just cosmetics and then it’s easy.I was assuming actually 50-75 psf but I wasn’t sure if I should include the rooms in the house that basically just need new floors and paint.Ari I’ll send you a private message if it’s ok.

Then a guy like me isn't your best bet.

What is the easiest way to tell if a private lender is a fraud?

I would bet 4plex 203k (refi later to get out of lifetime MI) would be better if you plan to stay in one location for at least a few years. technically, I think you have to live in it 12 months, look into current regs, you might be able to rinse and repeat annually.

I mentioned this in a private reply to a message you sent me.

Your best bet is to attend local meet ups.

I'm probably going to be funding through traditional financing, seller financing or private money.

Like Edward B. said, your best bet is to call around to at least two, preferably three or more lenders and see what they have to say.

What are some typical terms for private lending that I could propose?