The biggest sticking point I see with those kinds of lenders is that they generally require experience - if you haven't done something like this before, then they will want someone who has to sign the note. 

If no concrete slab (Cheap to dig & pour) then possibly as far from home as possible.

I talked to rep, then searched a lot online curious on how it will work in very average not newly rehabbed places and saw a PM in mid-west posting the results.

Do I need to find a buyer first before I put this under contract or do I put it under contract then find the buyer? 

They will need it anyway for financing.Lease options are a common tenant scam: bad landlords asking 5% option fee for 12 months knowing that the tenant will likely fail to get financing, then kick them out by non-renewal and do it all over again.

I was able to get very similar numbers to the author (hard to get the exact numbers because the author rounds up and then summarizes 3 properties on top of that) when I changed the years of ownership to as follows:Property A - owned 4 yearsProperty B - owned 2 years 3 yearsProperty C - owned 1 year 2 yearsSo I guess my question to the community is, has anyone else ran the numbers and noticed the discrepancy?

If the syndicator gets paid more when they exit successfully then so does the passive investors.No legal advice given.

You then need to adjust for the owner occupied requirement. 

Hello, I think it’s really awesome that you’re just now beginning and you are already coming to the forums to learn so the first thing you need to do is to continue to stay on the forms and you also need to be reading all of the bigger pocketbook and start listening to their podcast to soak up as much knowledge as you can and as long as you do that, you will have all the knowledge you need to start and regarding your question I do not advise to buy a single-family house just to live in it without a rental property aspect so it’s OK if you want to live in the house as well but you will have to either get a multifamily property or you could also buy a single-family home and rent out the other rooms  now see when you have a property that you use just for your family then you have to pay the mortgage every month which is building your equity, but that responsibility is solely on you whereas if it has some sort of rental property aspect, there will be other people helping you build that equity if you were to buy a property just for yourself that is something that will be taking money out of your pocket every month while as a rental property if you buy right will be putting money in your pocket every month the only exception to what I just said is if you buy a property for yourself or just for your family to live in, you could do a live-in flip to where as you’re living in the property you rehab it while your living there and if you buy right with enough knowledge, then when you turn around to sell the property, you will make profit

My initial background was in Commercial Real Estate and then I expanded into residential real estate.