And the desired one to invest in is "warrantable"....that means they keep good books, finances, insurance, aren't being sued, etc.Also, if you are looking for lending in Virginia then try posting to the Virginia forum as well. 

I am considering funding the purchase with HML and then the rehab costs with a personal loan (~13% interest rate, no money down). 

I would narrow my criteria, are you going to target pre-foreclosures with high equity, absentee owners, probate, tax delinquent owners, as in any business system there is a chain of steps, and if you aren’t getting you’re desired outcome, work your back in the chain.

I personally have basic knowledge and a desire to take action and get started.

It has a small mixed-use component that works with FHA funding. 

When your getting started in RE you’ll have no shortage of negative people and chicken littles in your life telling you 857 reasons why it’s a bad idea ,why it’s risky ,why it won’t work ,why you’ll lose money ..etc instead surround yourself with wise counsel and don’t allow your fear of losing money to overpower your desire to be an investor.

I've heard things like tax debt, remarriage, and sadly a senior couple who could no longer live alone.part of that Is the wet closings you do we do dry closings.. we sign anywhere from 1 week to a few days before the actual recording of the deeds.. then funds are dispersed the next day.. no one gets checks on the spot like you guys do.. 

After all, a low pot is coming from Canada who has the best manufacturing and growers and this would screw Mexico's drug cartels (if those walls ever get built).Issues that operators face Politics aforementionedDifficult to get lending - some banks have an outright banIt's the wild wild west - similar to the Crowdfunding sites where companies are jockeying for dominance to be the eBay or Amazon of the spaceWays to Invest In Cannabis Repurposed industrial space to store inventory as well as growing CannabisBuy the ETF like MJGive an unsecured loan or invest in a Fund that funds operatorsInvest in a syndication/private placement

You can certainly find towns with cheaper homes, but Colorado Springs is a desirable town that is growing quickly, and will continue to grow for years to come. 

The Buyer turns his/her funds in to the same TC.