Why don’t you apply for a loan with a good private money lender

I have a few private investors that what me to include them when/if I decide to do my first project in nola.. but i feel i still need to network more and get a better feel for the market first... glad I found this site and have been wanting to make it to one of the REI meetups. 

I suppose, in theory, that a borrower could pay down the UPB to zero and not make further payments on the deferred principal until he sold or refinanced the property.

You're also in Moore, OK which, in spite of being a major tornado alley is also a pretty popular location... if the house hasn't sold for a year, there's something else going on.

As well, and assuming necessary, once done, you can advertise this upgrade and the positive resulting heating and cooling bills in future marketing when the need arises.For straight rentals (not a property sold via Lease Option, CFD, or other Owner Financing), I never pass large expenses on to my tenants (pretty much anything over $300, unless their fault), but assuming this is a defect or need that I did not see in my pre-purchase home inspection report, I will just deal with it out of my own pocket and earn a bit of positive "good landlord capital" in the process.Good luck with it!

I will be using private lending and potentially hard money to fund these projects/investments. 

It is an international property which I have seismic report on and is privately owned.Over 1 billion barrels of oil reported on the property. 

I am interested in using private lending to get my first deal done.

I have started to educate myself on hard money and private lenders and are looking to the BP forum to help me navigate to my goal.

I live in Texas and we are getting nonstop rain and there seems to be no end in sight in clearing up this situation.Now this is where things will get interesting I am a private investigator so I have an application that records all my phone calls.