Also, in regards to the capital I was planning on collecting money from investors for the down payment (family, friends, etc).

My friend has a condo in South Padre Island, Texas that I’m interested in.

Go to the books section and buy some book on rentals.Ask family, friends or pros on here for a copy of their leases.Read, write (copy and paste), review, revise and continue to update your lease.There are so many resources on here.

I have a few friends that pay for rent that way on NYCAs far as areas go for a rental, your money will go further in MN or VA as Austin is really been blowing up the past few years but there may also be more available because of that. 

I ran into an old friend last week and he told me about some apartments his company acquired and needs to sell.

My rental property is just being rehabbed and will be ready for tenants in the new year.I've had investment properties for a number of years now, but always rented to family and friends, so this part is new to me.The area is near a university so there are a lot of students looking for accommodations. 

I have access to $20-$30K for downpayment etc. 800+ credit score, a good paying job, and need to find a local REI friendly lender to not only lend money but perhaps even lend advice on best ways to get my 30K to work for me.Property under agreement is in Des Moines proper but I will be looking to buy in the surrounding communities to the south as well (Indianola, Norwalk, West Des Moines, Carlisle).I could go to a big bank and finance this first house but I would like to start a long term relationship now.

I have a network of friends and family that are excited to invest in the deals I have, so I am NOT looking for new lenders.My biggest questions are these:What is a reasonable interest rate for a loan described above?

Now if you also want to earn commissions on your friends, family and network even when you just refer them to a local realtor then get your license.  

A close friend of mine is an agent in Albany if you want me to connect shoot me a message