.## Financing OptionsFor Hard Money and Private Lender financing, it's crucial to build relationships with local lenders.

The PM company doesn't really do anything with the 1099s since the rent money doesn't belong to the PM.  

@Chinku Chinku the rich get rich by making their money work for them.They borrow at one rate, to invest in something that returns a higher rate - they profit on the difference.Only you can evaluate your risk tolerence though.

How do I go about finding those who'd rather just collect the insurance money then sell it off at a discount?  

As others suggested you could also lend this money out for 10-12% and make your money that way and not put yourself on risk on the asset.

I'm bleeding money as I write this, the cost is pilling up as I need to repair the damages, and replace all the appliances, they damage the kitchen cabinets also.

For lenders, I have access to private money lenders or if you want to go the traditional route, I recommend checking out Coast to Coast - Jeff Weller. 

You might save a full percent just doing that and you have tons of money you didn’t pay in points.

If so, do I use my personal bank account to apply for a loan or do I need to put money in the business bank account? 

Any general advice is much appreciated.50k is more than enough money, the biggest question at 22 is are you ready to buy a property and be kind of locked in for 3-5 years.