Their money may come from private individuals, and sometimes they use the term "private money".If you're looking for names of lenders you'll need to post in the Marketplace.

It will certainly cost more than if you were managing yourself and trying to get individual contractors/handymen to take care of issues, but such a company will already have those people on staff and enough jobs to keep them available for when something comes up at your property.

However, if you prefer something. 

I need some advice about the DMV area, with preference of Arlington and Alexandria, VA.

@Darvin Ezell depends on the amount...but wire typically works...title can hold it in escrow and distribute funds accordingly when you close...maybe call the title company and ask their system...what they prefer. 

@Kash Chau I prefer to get it all under one loan just for convenience.

@Tyler Keit I would recommend contacting your title company to ask what contracts they prefer- they may have a template.

My cousin who lives in Salem, and I are currently shopping for a multi (preferably a four plex) in either Salem, Beverly, Danvers or Gloucester.

If you bring in passive investors, you could set it up where the equity gets a base return (say 10%) before splitting profits, then you, as sponsor, would take 40% of the remaining profit and the investors take the other 60% (in addition to their return of investment and preferred return).Depending on Oregon law, you may find an LLC to be better than an LP (or some other structure). 

2) Given that hard money financing is 12%+ interest only, do most long term lenders prefer 6 or 12 months of seasoning before I can refi?