Crossing my fingers due diligence checks out.

Manager - Ashley Cross, Whitewater Property ManagementREI Concierge - Coaching / Mentorship, NetworkingActive Duty Passive Income - Education, Mastermind, Motivation

Our residence of course would be partially used as an office to answer calls, arrange business transactions etc.   

Private lenders should get all the same docs in a transaction as a conventional lender. 

Not all money is good money" Maybe, you can net $40,000 and maybe not, but then you have travel expenses, need to pay for a motel if you don't have a place to stay and you are probably looking at $5,000 to $10,000 you need to take off your $40k profit even if you can make $40k and without serious numbers you will be investing blindly and the 'cross your fingers' business model. 

@Kristi Troy I like cross-referencing Airdna's rental estimator with Rabbu's rental estimator to get an idea of what to expect.

., from what I've heard they tend to hit you with fees at the end of the transaction. 

Hope our paths can cross

Or, you can do what I did, which was a major pain in the butt and interrupted transactions: back when I was in that world, I had to switch employers every 2 years or so to keep my clients happy, because all financial institutions have good years and dumb years.

I'll have many actual (non-depreciation) expenses over the next month for a make-ready on a new purchase tomorrow (fingers crossed).