You do not want to be improving the property and have to head to auction to bid or buy back from them after auction.  

Will they head down again?

Steven,Would that same idea work IF the SDIRA Holder (for the down payment) and the person taking and personally signing for the loan were NOT 'dis-qualified' parties - say just two friends, associates, etc...?

Originally posted by @Josh Brunner: Will a private money lender loan on this with no money down...A private money lender is generally someone you know -- friends, family, colleagues, business associates, etc. -- who have extra cash sitting around (perhaps in retirement funds) and are willing to invest in YOU, as well as the deal.Find these people and ask them if they'd be willing to invest in a no money down deal.

We're actually looking at rehab/resell to generate some income and experience to be able to put more into buy and hold multi-families.We haven't been yet, but we did recently here of the REI meet ups and are definitely headed to the upcoming ones.

Some lenders will go up to 40% (maybe 50%) for your mortgage BUT do you really feel comfortable spending that much of your monthly cashflow on just the roof over your head?

I am not associated with her or earn anything off it.

I just recently found out that I never signed the CCNR's...The head board member said it doesnt matter because “Article III Membership and Voting Rights, 3.1 Membership.

Antonia - You don't want to over extend yourself or get in over your head.

. - thanks for that head's up.