I am wondering the best loan process of purchasing off market properties not using a conventional bank.

Sounds like they lent you the $ vs a partnership with an equity split.I give my private lenders a note (that spells out the interest rate and terms) and deed of trust for physical collateral I then make payments to them and the balance of the loan is paid off with the sale proceeds or a refi.

You presumably wouldn't allow that happen if you still had equity in the deal.But, if you did lose the property to foreclosure, it would be auctioned off.

Off market - seller wanted a cash offer How did you finance this deal?

If you are doing a one-off deal that is very special (ex., rural quadplex STR) and no direct lender can do the deal, then it makes sense to reach out to a broker and cut them their fee, as they can help you navigate the market more easily to find funding for your deal.  

TLDR: I found a seller who is open to a financing an off-market 5 unit multi family home near a major hospital in Denver.

We have one multi family property that is fully paid off and generates roughly $200k in NOI/Cash Flow. 

Here are some common financing options:Traditional Mortgage: Obtain financing from banks with a down payment, paying off over time with interest.Hard Money Loans: Short-term loans with higher interest rates, often from private investors, suitable for quick acquisitions or credit-challenged investors.Private Money Lenders: Individuals or groups offering direct loans, with terms negotiated privately.Seller Financing: Buyers make payments directly to sellers over an agreed period, with terms negotiated between parties.Home Equity Line of Credit (HELOC): Borrow against existing property equity with a revolving credit line, typically offering flexibility.Real Estate Crowdfunding: Pool funds with other investors via online platforms for various real estate projects, offering diverse investment opportunities.1031 Exchange: Defer capital gains taxes by reinvesting sale proceeds into similar properties within a specific timeframe, useful for tax optimization.REITs (Real Estate Investment Trusts): Invest indirectly in real estate through publicly traded companies, offering liquidity and diversification.Joint Ventures/Partnerships: Collaborate with other investors to share resources and risks, leveraging each other's strengths for larger projects.Subject To Financing: Buy a property subject to the existing mortgage that's in place on the property (doesn't get paid off when the property sells).Assumable Mortgage: Buy a property and assume the mortgage that the seller already has in place.Lease Option: Rent a property with the option to buy it prior to a later date.Debt Service Credit Ratio (DSCR): A loan approved based on the income potential of the propertyThese options cater to different investor needs, preferences, and financial situations, providing flexibility in real estate investment strategies.Thanks,

I'm certainly trying to avoid getting too married to one area off the bat and making a rash decision.

Run off from your neighbor's lot, rainwater, an underground stream that is becoming too full and rising up, a broken water pipe under the ground That is feeding your house or your neighbor's house.