Private lenders are an abundant source of funding, but there's no bricks-and-mortar establishment, no standard process other than SEC regulations, just your own ability to build relationships - a key skill for an agent / broker.My $0.02 ...

Here's what I'm looking at:10 units 9 2bd & 1 1bdOffer price - $125k*Currently vacant*Needs roughly $60-80k in work- There is only sheetrock, plumbing, electric, and subflooring- I'll need flooring, doors, trim, casing, paint, appliances, cabinets/countertops, light fixtures, duct work for existing HVAC units, other misc. itemsI'm in the process of getting a few bids for the work, but it'll be at least $60k easily.Here's what I'm thinking in the way of financing:20-25% down, commercial loan (if they'll loan on a vacant property needing this much work..????)

Plumbing is pvc.

I don't see too many A buildings with knob and tube wiring, 100+ year old plumbing, etc.

Does not leak with shutoff valve on off.I don't have any other plumbing issues so I don't really want to call out a plumber if I don't too!

Call yourself anything you want, regulation change or not, you are brokering real estate without a license.

Borrowing at 100% leverage has its own risks, but if you're considering one of these packages, I'm going to assume you understand the ins and outs of being fully leveraged, so I'll forego any advice there.Also, to address some comments around the bank selling them, there are regulations in place that do not allow banks to hold a property for profit.  

In Alabama, you might be considered to be collecting a debt and thus in violation of collection laws.Just make sure you understand the local laws and regulations.

Is this a red flag in regards to the plumbing systems or is this standard?!

In the past 8 years its had a new roof, two new furnaces​, two new ac units, updated electrical and plumbing​. the insides have nice laminate​ flooring​.