Maybe a soccer field, some picnic tables and a couple grills.Hope this helps a bit!

We are maxed at 10, but would be at 9 if personal residence didn't count.RandyLimits on the Number of Financed PropertiesThe following table describes the limits that apply to the number of financed properties a borrower may have.Subject Property OccupancyTransactionMaximum Number of Financed PropertiesPrincipal residenceTransactions other than HomeReady loansNo limitPrincipal residenceHomeReady loansDU and manually underwritten - 2Second homeInvestment propertyAllDU - 10, Manually underwritten - 6The number of financed properties calculation includes:the number of one- to four-unit residential properties where the borrower is personally obligated on the mortgage(s), even if the monthly housing expense is excluded from the borrower’s DTI in accordance with B3-6-05, Monthly Debt Obligationsthe total number of properties financed, not to the number of mortgages on the property or the number of mortgages sold to Fannie Mae (a multiple unit property counts as one property, such as a two-unit);the borrower’s principal residence if it is financed; andthe cumulative total for all borrowers (though jointly financed properties are only counted once).

I'm new, haven't done anything with private money before, so would love to know what someone on the other side of the table would want to see in me before lending money. 

Likewise, HML tends to insinuate that something (profit) is still left on the table to be consumed by the buyer using HML.Back the seller reason set two.

Do you lay all your cards on the table about plans to rehab and comparables in the area so they can see where you're coming from or is there a different strategy?

You'll probably have to give up most of the profit (since he'll be bringing more to the table), but if you make a little bit of money and gain some experience, both will be a tremendous help in the future when working with HMLs or private lenders.

This is equally important to the dumpster to prevent mold/mildew, etc.All exit strategies back on the table.

Then put your offer on the table and tell them to call you when they are ready.

I had a guy with a custom pool table in his basement worth about $20k or more, and when a big rain came and his sump backup failed, he got $6k in replacement cost because it was so destroyed and they had no proof of what it looked like originally.  

This excludes concessions.We've had to drop the price on 8 of our houses out of the 33 we've sold, and the average percentage price drop on those listings before getting our final offer has been 5.8%.Just to round things out, average rehab time is 27 days and average time from getting the resale contract executed to getting to the closing table is 32 days.