At some level are you just trading one income vehicle for another with the added bonus that you get the asset back (albeit there is a risk if the property gets trashed due to bad management) if the lender flakes out (and of course the hassle of calling the note).Hopefully some of the experienced private money lenders will jump in on this one, as it is a fantastic question.

You may need to 'interview' a few brokers (maybe quite a few) before you get to where you want to be.Other (necessary, IMO) 'assets' are J Scott's book The Book on Flipping Houses: How to Buy, Rehab, and Resell Residential Properties and a statement of work that your contractor can help with.Good luck.

For single-purchase raises for a specific asset it seem that best from the perspective of the promoter would be defined as:Least transaction costs and friction for presenting deal to investorsBroadest possible audienceLowest cost of capitalAdequate protection from lawsuits or legal risk both at the time of subscription and on a go-forward basisHighest likelihood of finding or maintaining relationships with investors for the longest period of time possible The motivation for a blind pool would be largely the same, but one would place more emphasis on the ability to forge long-lasting relationships with investors so they'll continue to invest in future placements or deals in general.

It looks like you can still see that value on the property repair form under addendums for some asset managers, but not others.

Your background should certainly be an excellent asset for you: you can take on rehabs that others might pass by due to complexity and cost.

Can anyone recommend software or system to automate putting in offers on properties?

My goal is to create passive income and build assets so that I can take time off from medicine and relax a little more.

If you read Robert Kiyosaki, Rich Dad Poor Dad, or his Cash Flow Quadrant, he says buy businesses not paper assets like stocks and bonds.

Before you give the equity in your home or car as collateral against a Bail Bond take a deep breath and realize that the Bail Bondsman will take a lien against that asset.

Many of these aspects can be overcome, if you don't speak english, take someone with you, just smile alot while they translate.After you put together a list of your personal assets, strengths and weakness /short commings, then you can better identify how, when and where to get started.