Private money would usually be money that comes from family and/or friends, so as long as you have at least one of the two then that is an option.Trying to get them to finance 100% would be another story....you having experience or them having deep pockets would help.The question that you need to have an answer for is this: What would you be bringing to the table that would motivate them to lend 100%?

The discount on price is poor, so I'd really want solid cash flow.

That said, I question the ethics of a company that offers a 50% discount to someone who wants to cancel while charging others the full amount.

The bank won't waive/discount the accrued interest and fees.

I know this all seems scary and new but when you are knee deep into a deal you need to take control or the other person will take the lead.So, pick a number you are comfortable putting down as your deposit.

In most case the buyer pays for the title search and IMO why shouldn't they after requesting such a deep discount.

I havent gotten too deep into this because I realized this approach is probably not going to be the best for my personal situation, although it is good to learn because you will be a wiser investor if you understand the variety of options available to you.Unfortunately, its hard to put a price on a product like this because there is not much that I know of out there that I could compare it to.

@Karen Margrave We do have plenty of discount building supply stores here (Seconds and Surplus is right by my house), and BuildDirect.com ships to a warehouse here, too, so I should be able to get pretty competitive pricing on materials.

Just stay focused or you'll find yourself deep in the rabbit hole.I'm also a Bay Area investor who has bought SFR and multifam (albeit <5 doors) out of state.

Nothing really.Everything is just a price adjustment as long as there is potential for money to be made.It just goes to how big of a discount you need and what you risk and more likely you BS tolerance is.That being said there are some things that are a lot tougher to deal with than others.- Title problems.