It appraised for 320k which is obviously a great spread but you have to remember closing costs, carrying costs, hard money costs and the cost of the refinance.

I vote spend the time and money:)

The financing structure includes a hard money lender holding the first lien and private money lenders holding the second lien.How did you add value to the deal?

They loved it because they got some play money right away and steady income each month without having to deal with toilets and tenants.

And how much money are you making in your current job that you would want to replace with your real estate income?  

The king will just say "my bad, we have no more money".

I don’t think an app is needed at all, save the money.

hard money lender?

If at some point it just takes too much of your time or energy you can always turn over to PM to manage.If you think you will buy 4 this year, then that might save you enough money to buy a 5th.While I think it is great to have plans and goals, I will say most of my good and active investors target one a year. 

My name is Naomi Pinger and I am a private money lender.