More specifically, I'm trying to see if I can properly leverage a new Coverdell ESA IRA for each of my 3 children ($6000 per year) and use a 100% return as distributions for a private school within the next 4 years.BTW, Thanks again for the explanations!

In my previous thread I asked about getting around fha owner occupancy requirements with traditional funding but the best anyone could come up with was basically taking out a private/hard money loan.I have a property that I can buy for 71k and needs 15k in rehab costs. 

Your profession should be the source of all the private money you will need.

Does anyone know of any private money lenders in the Rochester Area? 

David StoneElma, WATHE NUMBERS: Our purchase price in 2009:  $155,000Currently owe:  $136,000Mortgage:  $1080 / mo (PITI)Rent:  $1000 ($100 above median, but house is newer condition than neighborhood), Tenant pays all utilitiesProperty:  3 bed, 2.5 bath, 1576 sq ft, built 2008, located just outside Shelton, WAFair market value:  $166,000 according to Zillow private estimate of comps I am looking to make a minimum of $35,000 from the sale of the property to make it worth itBACKGROUND:This certain property was not originally purchased for a rental.  

So, in researching just how exactly to build relationships with private lenders, I get the notion a portfolio of past experience would help.  

The reason behind this is most private money lenders are not licensed to lend on single family properties.

Naveen, I can send you the link via private message as I'm guessing that was why my post was removed.

I considered opening a business account with business credit, get with brokers for private lending options.

The one that promotes itself as "the largest privately owned real estate firm in the country".