This could be just specific to the real estate industry, but in both recruiting and cybersecurity consultants (hackers for hire), the ones that start their own business/consultancy, are the ones who after spending 2 years (usually exactly 2 years which is when recruiters will message them), the high performer will either 1.

(Then we’d just start a commune, I guess.)The Setup: Living My Best (Small) LifeI bought a 2BD/1BA home with a private efficiency studio.

If I did, I'd find a place I really like to visit and be prepared to spend a lot of time there making connections.  

The two most common exemptions are the exemption for intrastate offerings and the exemption for private placements.  

I would spend time building your list of WHO (agent, mentor, contractor/handyman), then WHAT (house type, tenant base, work needed), then WHERE (location).

Credit cards have the same limitation on the amount you can borrow and will likely end up costing more than private lenders.

When he became the first relief pitcher in MLB to sign a $100k contract and asked what he was going to do with all that money (this was 1968) he said “ 90% I’m going to spend on wild women, Irish whiskey and good times; the other 10% I’m just going to throw away”.  

The question I'm up against is what private money is going for these days for a build with this much room for upside.

Based on the questions you are asking I think you need to spend more time listening to podcasts like Bigger Pockets and Bigger Pockets Rookie.

How much will you spend in repairs on a 1920's house with renters ?