For those of you who frequently use these loans, how do you mitigate the risk of needing to refinance in 5-7 years, but not having any idea what interest rates or credit availability will be like at that time? 

By that time, cash is the king and credit will be tight. 

Seminars are very, very valuable...Just ask the person collecting your debit/credit card number to sign you up for the program.

You get a private loan for $100k and charge $20k for rehab on your business credit cards.

Great tips thanks so much @Natasha Hunter!

Hello everyone I am also new and was wanting to know if I could get a mortgage loan with a credit score in the upper 500s I'm self-employed first time buyer does anyone  know if I would qualify I would rather do L/O than wholesales the wholesaling thing u need to know people u can sell to quick or if u know how long it takes to build a score thank you 

Most buyers with strong credit end up with better loan terms through the conventional program. 

@Kenny Szymanski  A private loan usually wouldn't show up on your credit report. 

He does not have great credit but he has 20% to put down.

BTW someone willing to pay rent above market rate is a high risk renter for some reason--felonies, past evictions, bankruptcy, poor credit, no or not enough income, or way toooo many people, or history of damage, professional scammer, etc.The landlord would not even be holding the lease to evict the folks you rent to, not have their deposit for damages, or any relationship with the tenants to recover damages in court as the tenants lease is with you.