I know that I'll be able to put down just 10% and avoid PMI, but are there any other considerations (positive and negative) that I should be aware of?

@Joe Gore I am in a position to close on it myself, I would just prefer to wholesale it.

There's too much positive news, positive mindedness in the seller to settle for just signing the deed over (any more).

It's great to see you're having a positive experience with your current property and are looking to add more.

Thanks @John Crandell I believe that is the beauty of this business of Real Estate, you can enter at any age and position yourself for wealth.

While I won't have a 1st position loan I will be on title along with a partnership agreement spelling out funding, decision-making, responsibilities, equity dispersal/shortfalls, etc.

He was very clear about networking, forming long term relationships with approved investors and having a track record to get into a position to call one or a few folks and get a project funded quickly.

They are basically mutts that have those unique features of muscular body and boxy head.

What exactly is the benefit for someone in my position?

But I think that, Clearly, the best position a Private Lender can be in is a low LTV, 1st lien, they are very well protected, and this type of deal does not require you to borrow more than 15-30% of the ARV in most cases.