So, in other words, you want to go behind the bank's back...do you think, just on the surface, that this sounds like a good idea?

Sounds like your niche market is a good idea.  

Sounds like something I would be interested in, you can count me in!

Full disclosure, I had a fair amount of experience prior to getting on the forums, but what really pushed my business over the edge was this community which for me was a sounding board, mentor, mentee and fantastically unorthodox education.

Sounds like a simple eviction to me.

You sound very new to this so you may need a mentor as well as education.

If just a simple promissory note with no collateral, it's up to you. 50% interest sounds pretty high to me, so you may want to see what's legal and what's predatory.

I realize that is an expensive proposition here in Puget Sound, so I'm gravitating towards starting with flipping lower end properties in Snohomish and Pierce Counties while keeping eye out for buy and hold opportunities. 

Ellis, that sounds more reasonable and expected.

I wanted to know if this sounds about right, or if there seems to exist any options to be able to purchase without having to use up all the cash.