I just finished listening to the podcast #288 with Jason and Carrie Harris ("75 Rental Units in Their Early 30s") who started RE investing while in school. 

Jon Holdman Brian Gibbons Michael Carbonare Thanks guys your information is very helpful i applaud you for giving me a bit of you time & knowledge. ill try to learn as much as possible in this strategy..Also are these methods considered Carry back financing or Seller Financing?..

I have a private party to make the loan, and my $30,000 note carries a 6% interest rate within 18 months due date.

As with any sales-type job/profession, you need to generate many leads until you get one to close.With seller financing there are risks carried by both sides and the seller has to be able to financially do this sort of deal. 

(well, we have a way around that seasoning issue no matter what you do but most lenders will not so the plan needs to be get it closed with the 6 months.)OK, so challenging indeed to get it all done in that time frame, so likely best to figure on carrying the HELOC for 12 months when doing my calculations to find out what my offer will be to ultimately find the number for which the deal will work for me. 

Would also love suggestions for lenders that might fund as per door on these units are all around 35K, talking to two local banks already.Owner may carry the note, so that's one possible option.View report*This link comes directly from our calculators, based on information input by the member who posted.

A true MLO won't kick off capital gains nor depreciation recapture since it is not a sale.My strategy currently is to use a minimal down MLO where I pay all MLO closing costs and make the term of the MLO enough to cover depreciation recapture plus a bit extra (3-5 years) Then the option would be a Seller-carry deal that is 100% financed except closing costs.

It's also a great way to build trust and relationships in the community that can carry you a long way.

Especially drywall, it's not that fun carrying 60 sheets into a basement, then hanging and finishing all of it.

If you can buy a mobile home  park in the area for 11% now, it makes no sense to build one, pay all the carrying charges, rent it out and only get 11% if you could just buy an existing park and get the same cash flow.