Rates can be very similar to those of conventional financing (Fannie/Freddie - full doc loans that you will need to prove income to get), but typically a little higher than conventional financing. 2nd - Networking and partnerships! 

You have full flexibility to use none, some, or all of the rehab budget.If you have any questions, I’d be happy to discuss how we structure our loans to best fit each client’s needs.

Quote from @Cynthia Lee: Accepting even $1 could be seen as evidence of a payment plan, and the entire eviction process could be derailed.Once you start the eviction process, to not accept any payment unless it is a full payment in certified funds (cash, money order, cashiers check).

It's 3 bed 2 full bath and 1,300 sqft.

I work full-time; I’m trying but I know there are gaps in my knowledge.

I thought maybe the fund is full, or maybe Brian simply forgot about it.

For a lot of investors it takes 5-10 years to transition from W2 to full time RE investor and if you don't have a passion for being a landlord, you may find yourself hating it.

Big banks and credit unions will look at a full DTI(personal income) while others will just look at the cashflow of the property.

He can pay us off in full within 60 days for $3.2 million.  

So when you need to go check on things, rent units, meet contractors, etc, you're jumping in the car for 6 hours, spending 1hr there, and I'm thinking after a full days's work.