Simple example = your house catches on fire..

Simple answer is to find a developer yourself or work with brokers who can find them for you. 

Here are a couple recent ones:https://www.biggerpockets.com/forums/12/topics/587565-anyone-knows-james-mourine-or-mourine-jameshttps://www.biggerpockets.com/forums/49/topics/595905-lender-scam-warning-north-carolinaOn the other hand, if you do know the private lender well (friend/family member) then they're likely well-intentioned. 

Hey Tyson, I know of people who have made hand-over-fist on corporate rentals in Charlotte, and in Los Angeles.

Please click on the links, give them a read, and share your thoughts in the comments.First is a post that I feel will help not get overwhelmed with the amount of info that is here on BP:https://www.biggerpockets.com/blogs/5868/52761-the-simple-guide-to-getting-started-on-bp The second is a post that will help get you focused with your real estate investing goals:https://www.biggerpockets.com/blogs/5868/52743-im-new-to-bp-any-advice-would-be-appriciatedThe last one is a post that will help you choose an “investor friendly” real estate agent.

The seller is looking for you to take the home off his/her hands, and after you signed the contract with them, I feel like you should do your best to move forward if you can.

If you know the current rent, you can figure the rest out with some simple math.

Just offer him full price but make the terms work for you and real simple.

Would love to hear any first hand experiences that people have had with this team, particularly for SFHs. 

I am currently studying everything I can get my hands on, as well as, helping my girlfriend obtain her real estate license.