I really think the prior buyers were attempting to use an FHA type product or they were using a large national bank.

Interest rates on institutional lending have been at record lows.

Use a local institution.

"Private lender" simply means non-institutional. 

are they national?

They also don't collect corporate taxes from Delaware corporations that do not do business in the state.Their corporation law is the most advanced in the nation and unlike other places, it has a separate Court that hears cases involving corporate law.

@Jordan Coates I see every purchase/refi with a national lender as a wasted opportunity to strengthen relationship with a good local lender.

San Jose has generally had better than average total returns still ( #4 nationally since 2000)?

.-10 minutes to great local restaurants-Boat ramp 3 miles away (w/Parking)-National Forest 15 minutes away-Cumberland Falls 45 min away-Wildcat off-road park with 2,000 acres of riding 3m.

There might be a handful of people in the nation that fix and flip successfully and thats it, no other business for more than 5 yrs.There are hundreds or more likely thousands of investors that buy, rehab and hold successfully and have a pot of gold in their portfolio that keeps growing.