Considering the Jacksonville market, should I use some of the equity to buy an inexpensive property and rent it; or should I flip a property.Who have you used for lending in North Florida?

Most lenders in our area won't lend on 1-4 unit properties with residential conventional loans unless it is owner-occupied.

If you can fix the problem, you can obtain a good ROI.Once you have some success and a track record to show, you can syndicate deals.

If you have partnered with your Ira &  lend $$ from your IRA in the scenario described it will be a “prohibited transaction” and blow up your Ira. see if you can get a non recourse loan from an allowed person, Ira, or company. 

They may lend to you if you can get someone to cosign the loan, like a parent, who has income.

I have not ran into this before...advice wanted.

I flipped a condo, which I have done many of times successfully. This one was different in that it is in a bit rougher part of town, but units sell. My agent told me ...

Should I only demand a percentage of total profit (like 10%) or would I simply lend the money to them?

And you will find alot of banks wont lend on properties tore up from the floor up. so you may have to use hard money, fix up and then refinance.

What will make the investors feel comfortable lending you money?

@Adam Stroik talk to JJ Bliss at BD Lending.