Anything I raise, I would try to partner with a private money, bank or hard money mortgage to get started.

Here's some info Brandon Turner did on his Blog:http://realestateinyourtwenties.com/blog/hard-money-lenders-loan-sharks-of-the-real-estate-industry/Alternatives you might try would be private lenders - friends, relatives, real estate agents, contractors, etc.

Altough I prefer Direct lenders and Private financing for now.

Being as they are my parents they would more than likely simply loan (no interest)/give me the money, but I want to approach it from a business standpoint A) to show them they would get better returns than just sitting in the bank and could be great supplemental income for retirement years and B) I'm not looking for a handout but truly trying to learn how to structure deals for private money in the future.That being said those of you who have partnered/joint venture would you be so kind as to share some of your different agreements?

In Option A the 120k would payoff the private investor completely so that wouldnt be an issue.

Would I have to go the private lender or hard money route to get started?

This sends them a private message.

., most my houses would require extensive electrical update to support a conversion to electric stoves.

He modifies boilerplate note documents to make them specific to private money investors and sets up pretty much anything we need.I keep him on retainer for $500 per month, and all of my closings have no costs on his side.

So the renovation and trust factor im not worried about.Im more concerned with the real estate market in Merrillville, my 2 properties there are in good areas, the houses just need extensive rehab work.