My recommendation to someone who is really trying to bootstrap it is this: Have as many things as possible in place in advance. have a pre-made lease set up, do some mock marketing for tenant lead generation, and save up all you can and cut out any extraneous expenses but also find alternate funding sources for an emergency.

@Victoria Dennis - The Hampton Roads Landlord Assoc is hosting a lunch and learn this year on alternative rental strategies - Air B&B, room rents, and group rentals.  

Alternatively, Is this something you could take on from NJ Jim?

Have you considered the Murfreesboro area as an alternative to Nashville?

Can anyone suggest an alternative setup?

I have my Financial Risk Manager (FRM), Chartered Alternative Investments Analyst (CAIA) designations and passed all three levels of the CFA Program on 6/7/2014 and may be awarded the charter upon completion of the required work experience.

I have my Financial Risk Manager (FRM), Chartered Alternative Investments Analyst (CAIA) designations and passed all three levels of the CFA Program on 6/7/2014 and may be awarded the charter upon completion of the required work experience.

hey guys.  i was just reading over some forums on here, and ran across a few flippers that say they use private money.  i have been nervous about ever doing that.  up to this point, i have used conventional financing ...

If you're able to find alternative financing, I would look at those first, but it did work.Kyle

Does anyone have any concerns or more profitable alternatives to this plan?