One I purchased a 57 unit in Mentor Ohio at $2,000,000 in Aug of 2019 and with cap rate compression, NOI improvement, recent sales, this thing is approaching 5.5 million valuation at the moment and we ONLY have about 35% of the units that are not renovated.  

@Steve Vaughan I was in a zoom meeting with a BP member yesterday and I brought up the Lease to own question, you both agree on the seller financing approach and that's definitely the most logical.As for my IRA, it's a traditional IRA which I had for just over 5 years and considered pulling the money out and investing it into real estate for a larger return and to put "skin in the game" to jump start my business. 

So, I'd like any advice I can get about approaching a hard money lenders for financing.

Not saying not to do it but it’s walking a fine line.In several states including Maryland it’s considered predatory approaching borrowers who are in pre foreclosure / behind on payments and the fines are HUGE.I always go by the “how would this look on the front page of the New York Times” with business.

With the way you are approaching people, I might question doing business with you....

Likely it was what was needed to stay within budget balancing projection constraints, no economic rationale or magic just a make it fit approach.

There are various approaches I can take:1.

And if so, what is the recommended approach when looking for a partner to cover rehab costs while I would cover the rest including the mortgage, property management, and rehab work?

It’s a different approach but it still allows you to buy a SFH while getting rental income.

I have been in a pickle over the last few months on how I want to approach my next rental project.