And these people, I don't want to learn from.Bonus third: you have people that are truly active in the business who are using mentorships to "teach people" how to raise money, and magically, those people are provided the opportunity to raise money for that gurus deal.  

Thanks for Sharing @Garfield M. so many people still have no idea the map is still in effect.

@Jack Smith, can you be more specific on the lead laws and income source protection issues?

I respect that you are doing it with kids, too many people use that as an excuse.

The real estate world is full of people faking it.

You're playing the game the right way.What's your lead source for finding the properties? 

Needing only 5% down rather than 20% will help many people looking in this space.

I am no banker and there are people here that will certainly address your question better than I... but it appears you are blending real property and personal property and trying to bundle together into an LLC. 

People are willing to pay the high interest rate because they expect to pay off the loan quickly.If you own the home outright, you would go to a traditional bank to cash out the equity.

Contrary to popular borrower belief, the mortgage business is actually more about people than numbers.