Average cost where we are now is like $5000 for set up, and you may not need a full foundation depending on the manufacturer requirements and what the lender requires.

This is very weird to me since other lenders will work with buyers from  any state.

It is passive investment earnings, not self-employment income.If you wish to take existing retirement savings and diversify into things like real estate and private lending, a self-directed checkbook IRA would provide flexibility similar to the Solo 401(k).

@Mel Volland The lender would not really be privy to or a part of the seller-financed second position.

Your Lender My suggestion to find #2 & #4 would be to go to the top of this page and click on FIND AN AGENT & FIND A LENDER.

It's straightforward private lending.Second, your situation is simple.

@Joshua B Williams just my .02 but might want to consider the lender situation as well.

Will you have enough equity in a couple of years if rates go down in order to meet the LTV requirements of the new lender?

So, essentially through the lender I had lined up, they would cover literally 100% of the costs of EVERYTHING, but it was a cheap house with low renovation costs, so the interest payments were not going to be any larger than a typical mortgage payment around here.

My only question is how do I find hard money/private lenders for this sort of thing.