You can make an agreement saying that the Private Lender will put up the Capital, while you render service and carry out the rehab.

I have currently just been doing a lot of reading and research, trying to develop my niche and learn a strategy to carry it out.

Carrying high util for several months will result in a lower score than if you had corrected high util the very next month.

My main thought is to find a 6 month private money loan to clear the existing mortgage and then have her carry the balance in the form of a note.

We found an older man who wanted to "be the bank" for us and carried the note.  

FHA carries life of loan MPI if you only put down the 3.5%.

Find out if seller will carry financing and at what terms.  

If your target list was scrubbed for equity before mailing and your mailing house ran data through the CASS certified or other address confirmation system, this means your target only recently became unreachable.After re-confirming property ownership you then skip trace this target and decide if you will mail, call or knock, or all three.

Guys, I don't want to get carried away with details as the house isn't complete and not on market yet, but I wanted to share some pics from my latest flip...because, well, I like when people post flip pictures on here!  

I have searched these forums but can't find many clear discussions of the terms that would be fair for us to partner on a house deal.As we have it, I have formed my own LLC and would buy the property and put in all the money for the renovation and carrying costs.