Using private money about 17k cost and looking to take 50k out after refi.

If you make passive investment such as private loan - there would not be any issues with UBIT, all income will be sheltered from taxes.

I have someone in mind that could make a great potential private investor.

I am also planning to likely do a flip to see how it goes as I have already built some relationships with local wholesalers and have a private lender or 2 lined up for once I land a good deal. 

And if I get 24 months interest only payment on the private money loan, 2 years from now I should be able to refinance the loan into a conventional one, given that I'm getting a good deal on my property.

Tenant give me 30 day notice today.

However, I would do some research on what type of notice the regulations require in that situation. 

Also I noticed you didn’t have a picture so please forgive me for asking but are you male or female?

If so, I'm not sure the banks will offer a cash out refi on one particular property (to pay off the private loans) if they see you still have multiple other mortgages out there???

I’m looking for private money lenders, willing to work with newbies.