Mike who I mentioned has a 20 million dollar fund you don't just wake up one day and get that kind of fund together.. and Dave I know has a very robust large business same thing.. but for sure .. do your due diligence.. the other way folks try to do this is partnering with others that have maybe a few more years of experience than you do.. there is a lot of that going on..

Also I’m finding in my market the home will likely not cash flow as a normal rental, so I plan to sell it before I purchase a second property.

This is always a good time to throw up vacant rentals at a higher than normal price.

A loan that isn't secured by assets is just a normal loan that is secured by your credit, income and DTI.

@Mary AnnI have seen programs before for commercial/mixed-use properties that are no income (no doc) loans but they require 30%-35% in equity/down payment and the rate is normally 4% higher than a traditional 30 year residential loan.

Once tenant saw landlord was serious the tenant caved on rent reduction request and has been paying their normal rent for years now without a peep from them. 

A pre-approval from a hard money lender will normally have its own appraisal contingency, so a sharp seller's agent will treat it like any other loan and not like a true cash offer.2.

Originally posted by @Joe Villeneuve:It's Passive |Income because the IRS says so...not because it doesn't involve any work.Exactly.As far as work, I'm normally a 10x Napper, but am also willing to put in hours on a new acquisition or turnover. 

I want to see what the house looks like on a normal day to see how the place is being lived in. 

I didn't know if it was normal or not, but I got pros out to check.