Looks to be even more competitive with Zillow's iBuyer program just starting.There are a few "teams" that may be open to bringing you on board.

Hey I am new here and was wondering if anyone is utilizing facebooks advertising platform yet to generate buyer or seller leads?

If you can pocket 150k and make a 20% downpayment on up to 750k of property at significantly higher cap rate than that house was bringing you, I would go for it.

So when someone brings up that they have a 5.5% 5yr balloon loan on a 2-4 plex....ya that brings up suspions as to why.

My question is can I pay someone finder fee if that person bring the investor for the deal?

Both of us work and bring home about $135k, which in SD is not very much.I am very interested in multi-unit, and somewhat interested in arbitraging but I'm in the beginning stages.Would love some advice.

They both were purchased around the $150k mark and are bringing in about $1350 in rent.

Initially the profit was not that much higher on the STR than if it were a LTR and we had periods (including the Great Recession) were we converted back to LTR during the school year and only STR during the summer.Today the STRs are virtually 100% occupied year round and bring in significantly more than they would as LTRs. 

You want a bank to take you serious look up what banks need to service a loan and have it all neat in a binder or folder prior to talking to them and bring it all in with you.

If you get to know some local private lenders and bring them into a few deals that turn out well you might be able to arrange something like that.