This of course all depends on buying the right properties in the right areas- so you will need to team up with someone who is trust worthy and can help you execute this strategy.Same thing with lending your money privately.

Build a track record, do some deals, get some experience, then start raising money to scale your business once you have a proven business model and the ability to execute. 

Look around for an executive line of credit.  

Is it possible to execute a subject to mortgage sale after the foreclosure process has begun?

BURKEMPER TRUSTEE'S SALE -- Default having been made in the payment of a Promissory Note described in and secured by Deed of Trust executed by HAROLD W.

I also base pay off percentage of work complete for each line item. you both must agree to the percentage at time of pay. up front on the contract I state that I hold a 10% retainage from all billings to be paid upon final satisfactory completion. regardless of the area you are in ( the company i work for, i bid work in every state) it is acceptable for  you to utilize the basics of contracting including detailing out a scope of work, paying based on percentages of individual milestones, holding retainage to ensure satasfactory completion. now some small time contractors may be unwilling to work with you because its obvious the standard you will hold them to and they wont be as easily able to half *** their way through the work and blame you for not being specific. but most will, and may even prefer it as long as this is discussed and detailed in the executed contract.

Many people flirt with the DOS clause with leases, lease options, sub2, wraps, etc.Only things guaranteed is war and taxes and eventual death.Real Estate Deal Making (not investing) is about performing your due diligence, executing a strategy, minimizing with the risks, and having a plan B if it goes south.If the loan gets called, you need to bring in new financing, either have the bank create a loan for you on similar terms, you get a new lender, partner with someone, or get a private lender.

Drum is particularly  vulnerable going forward  i would think 

It is a good way to find a renter as they usually never execute.

. - Less money down out of pocket- Cheaper than hard debt- Less equity in the dealNegative: If you exercise your right to purchase the property and flip it quick, you may not hold the legal title long enough to qualify for long-term capital gains tax treatment.I'm curious how this execution strategy of a MF deal could be used when you actually hold the property after exercising your purchase option.