My other advice is to make sure this is the best decision when balancing your family and finances.

If you do a good job and make the private lender happy they will want to do this again.Then there's seller financing which you see a lot with businesses, and commercial property.

A big challenge given the value is getting financing - this is too small for most HMLs I know.

Currently selling two SFRs to 1031 into a seller financed 9 unit mixed use property - I am still excited to learn new strategies 13 years later.I have some of my investments on my profile and some info regarding each.

We're based in Tampa and, in addition to personally investing, I own a mortgage company that provides financing for tons of investors.

@Don MillerCan you share details on the financing?

It would never be someones first foray into the financing world.

What is your finance mechanism and terms?  

Department of Housing and Urban Development (HUD) and Bankrate, the big perks of an FHA home loan are:Lower Down Payments: They typically require a smaller down payment than conventional loans, sometimes as low as 3.5% of the home’s purchase price.Lower Credit Score Requirements: They’re designed to help buyers with credit scores that might not qualify for conventional financing.

Often times, their approval processes are slow.Credit Unions - Their member structure also subsidizes their financial structure so they can also be a source of low-cost financing.