If you cash out equity in a property, you are "borrowing" that money from the lender.

But if you build a cabin that stands out and people want to stay in you can make good money. 

As soon as we had the money saved and the opportunity presented itself, we jumped on the chance to start this journey!

If you can qualify for it, get a HELOC or HELOAN on those properties.Or find a creative private/hard money lender that can tap into that equity in 2nd lien position or to cross-collateralize them with the purchase of the new property and use that equity towards your cash to close so you can buy that next deal without much cash out of pocket. 

This could help you clarify your goals and potentially save money for your future.

@Patrick Irish, If paying money buys you peace of mind then go for it. 

. $100 is WAY too low and they will be losing money when finding a tenant.

These are single family homes that are worth anywhere from $500k-$1.25M, rented on a long term basis to renters that are paying a lot of money so there is a standard of care that I'm expecting for myself and renters-- over what I would expect from a 1 bed / 1 bath renting for $750/month (no dig to anyone who owns these, in fact I wish I had more of these). 

No offense, but you want to act like a company or business to make money, but you don't want to take responsibility like a company or business.

Hi all,I browsed through a few pages of threads looking for an answer but did not see anything applicable.For the private lenders out there, what is the best/easiest program/application/platform to use to begin private money lending to others?