Many of these end up finding or lucking into relationships with good solid borrowers and continue mutually profitable relationships.

A borrower with a greater degree of having the ability to repay which poses a significantly lower risk of paying as agreed and 2.

A mortgagee can't simply take rents and strip tenants, borrower and property of income even if the loan is in default or breach of contract and leave the property without capital to operate.

You should borrow as much as you possibly can to get control of as much as you possibly can.

Then you will know what their requirements are so they can lend you money.As a private lender myself I will require the following:1) 65% LTV2) fund 80-90% of the acquisition + rehab cost (they need to see you have skin in the game or 10-20% downpayment)3) they will ask you to pay 3-8 points (or 3-8% of the money you're borrowing)4) sometimes, they need someone with good credit so you can show them that in the worst case you can't sell the property, you can refinance them out5) sometimes, they will require you to have 20% reserves so you can pay for the first phase of the rehab

This is the "contract" between borrower and lender.

According to an article from MPAMag.com, lender’s profits have been affected by the high costs of compliance that have been mounting since 2008.According to MPAMag.com, “Production expenses in the third quarter were the highest recorded since MBA began keeping statistics in 2008.”These high compliance costs are passed on to the borrower and have substantially increased the overall cost of borrowing.

I borrowed $1500 from my first broker to put down on my initial condo purchase. 23 years later, I wouldn't trade the tough times because hard work does still payoff in real estate.

You wont be able to get a bank loan on that property until its gone, of course, but unless you are selling or borrowing you can pretty much just ignore it if you wanted to.

It's more fun in notes, but holding RE usually doesn't get that impressive really.My though is that if one has reserves as well as the ability to borrow, there isn't really any maintenance issue that can't be taken care of.