He may be able to offer more insight into additional questions you have.

In addition to studying on BP, KC has some great REIA groups that you should consider joining.

How would one start off acquiring deals without the money?

Mine has an Additional Persons clause.

In addition, it is not uncommon for those level of notes to require advances to preserve and protect the mortgagee's interest in the real property.  

My question for the BP Community is this, because we have been able to acquire the property at such a good price should we flip the property or find a tenant with a lease with the option to buy? 

It's still a bit over my head, but really helpful as I begin to dig into analyzing--and one day acquiring!

I looking to obtain any knowledge or tips on acquiring  hard or private money lending, also I'm looking for the likes of a mentor.

It is a pre-manufactured, and much "beefier" (Lower left photo) support system designed to provide additional vertical and horizontal resistance in wind, snow, and seismic zones for which the design criteria has been pre-approved and stamped by an engineer.

But I Have few questions about it..(1) he said he want to use part of the money to pay IRS debt of 28000 (2) use rest of the money for addition to the house and than go to conventional financing ...