I'm not as well-versed in seconds, so I'll leave the pros and cons discussion for others who are.As far as educational info,  check out "Performance Anxiety" by Gordon Moss.

Gordon D.

@Gordon D.https://www.biggerpockets.com/renewsblog/2015/12/09/class-a-b-c-d-real-estate/

Originally posted by @Josh Caldwell:@DaJour Washington code violations are easy, just stop in the code enforcement office.

Brandon and Josh make listening a pleasure and also are pretty great interviewers. 

I know a lot of people on here, and especially the people on the BP Podcasts that I have listened to use private money, but I don't understand how a private money deal can be beneficial to both parties when it comes to investing in rental properties.If anybody could provide me with some info as to how this would work and provide me with a example deal structure that would be much appreciated.Many Thanks,Josh

I guess I should start by introducing my self My name is Sergio I live in the awesome city of Phoenix, Az I came to the U.S 22 yrs ago from Colombia, I served honorably in the U.S Marines and I currently work in the oil and gas industry in the frozen state of ND, some of my hobbies are riding my motorcycle, hiking, shooting at the range, salsa, bachata, vallenato dancing.Like almost every one I was influenced by Robert Kiyosaki's Rich dad Poor dad a few years ago and that set in motion a desire to get out of the rat race, I started working in the oil industry to get out off debt as prescribed by Dave Ramsey now a few years in to my oil field career I've accomplished some financial goals and now ready to dive in to the real state world so I can work for my self "minding my business" (forgot who said that but good quote) I like to focus on buy and hold rental property the residual income is something that is appealing to me, I guess my goal is to eventually stop "working" and spend more time with family and donate more of my time and money to my friends organization helping disable kids and under privilege families in Colombia.I hope this was a proper intro and it wasn't too long looking forward to one day being on the Bigger pockets podcast with Josh and Brandon and having photograph taken with Robert Kiyosaki. 

hi @Josh Smalley, Regarding conventional lenders, I recommend finding a mortgage broker in the city you are most interested in.

@Josh Setterbo I'd suggest to get a CPA also to have a separate bank account with a debit card so that you can track your income and expenses really.

@Josh Caldwell I'm familiar with ambit as their based out of Dallas where I live.