Looking to purchase a property that needs some foundation rehab (and interior updating as well) and looking for financing advice.Normally I would aim for 2nd home conventional loan (it will also be my family’s vacation home) and then refinance after the rehab to pull most of my investment back out.  

If an investor is aiming for a tenant proof rental property keep that mindset throughout the rehab process.

But I would aim for ones that don't need much work. 

Have you been able to cover your entire mortgage with the rental income, or have you usually needed to supplement with your own money?

If you find a private lending company with conservative underwriting backed by a Fund with good management, investing in a pooled fund can offer returns like you’re aiming for with less risk because your investment is diversified across many loans across many assets classes, locations, project types, etc.

If i was aiming to interest private money investors, what would be the best information about the investments that they would most want to be presented with? 

Fed is aiming for a 75 basis point raise next month.

If your state has addendum or supplemental forms, you could possibly get tenants to come to terms with whatever you add / supplement to the original lease. 

We are in the position to be able to make our first purchase, aiming for the mortgage to be roughly the same as our current rental total. 

Just realize you will probably need to supplement negative cash flow for a while.