Also there is no scarcity of syndications/sponsors around for any type of asset class so no need to rush into it with one you are unsure of or think there are no others doing it. 

If there's a family member or friend in a similar situation, and you can both align on the initial plan (location, home type, price, usage/occupancy, etc) you can pretty easily get a co-ownership agreement in place and even a joint mortgage.The benefit here is it might open up your ability to buy a larger place in a nicer area which could lead to a faster rate of appreciation and overall better living environment. 

I have been funding these types of props since 2002 for a turnkey company in Detroit who used LA based sales agents then over the years I have met most all of the Marketing companies or they have sold clients of mine props I see the commish on my huds. 

For contact management like that its awesome to search for specific types of people and locations or just data like "how long does it take to foreclose in texas".We have some other use cases as well that we use to track not only ours but competitors results online and learning what does and does not work for different aspects of the business.

What types of property are you looking at for your first investment? 

Purchase price: $325,000 Cash invested: $150,000 What made you interested in investing in this type of deal?

The challenge for me will be to attempt to mirror this type of financing approach to Southern Calif. real estate. 

If you don't know what type of assets you would like, you have to think about your why for real estate.

What made you interested in investing in this type of deal?

Do you think it will affect the types of deals they pursue, or will the demand for flexible financing options like private lending continue to grow regardless?