I do always want to keep my doors open on how I fund the deals, the hard money/private money route was just too expensive and probably more of a hassle than paying the 3-4 points upfront (3 points on 30k = $900). 

A lot of what you're seeing has to do with market dynamics: increased competition, limited supply and REO trading direct to hedge funds/PE through private deals (vs auction or MLS).   

@Gordon Cuffe I went on the site and the houses that are going up for auction it says since they are being foreclosed it can't be sold privately only public auction.  

I placed a back up bid on a property site unseen.based on a property  I purchased one year ago,the property is a 3 bd with a converted to a one bed rm studio apt.I recently rented the property I purchased 1 year ago for $925 which I'm looking to refinance the private money.purchase and rehab I have about 40k in itThis other property I would be around $50K but I have a 1bdrm unit that would rent for upper 5 hundreds  possible  grossing  $1400 monthly.

BP world,I am looking to get financing for several upcoming deals, however finding honest and fair private financing can be a bit of a challenge and convoluted.  

Students will generally treat their rooms and private bathrooms well, but the common areas get destroyed.

If you would like to send me a private message with the details, I may have an interest.  

It has city water and private sewer (septic).

We were in Silicon Valley in the '70-90's and the market is not for the faint of heart.There can be issues for agents/brokers that private investors don't have to deal with, so IMO, it's questionable if an RE license has any added value.

You can't qualify at the bank and you can't get private money and live in the home, because regulations are keeping HMLs away from lending to owner occupants.