Some require me as the investor to start the process with my own funds and others provide 20% up-front.

Additionally, if there's a particular aspect of real estate you're eager to explore or learn more about, let me know, and I'll do my best to provide valuable insights.

You will not need to provide personal income like tax returns or paystubs as the underwriters look at cashflow of the property in place of that.

Provide detailed specifications and ask for itemised estimates.

@Michelle MosesYes, no one needs an advisor and if a client doesn't get value from their current provider they should leave.   

I didnt provide clear enough guidance to my contractor on every last detail and the expectations of the finishing touches I needed.

If the seller provides access to management and you understand the risks (credit losses from slow/no pay tenants, major repairs on move-out, etc) tied to that high cap rate then go for it.  

this will help with the administrative tasks (e.g. yearly 1099, pay off statements, accounting especially if the borrower pays faster) as well as helping to provide a 3rd party proof of non-payment in case you need to foreclose.Be sure to use an attorney that specializes in Notes, not necessarily a real estate attorney, to draft the paperwork and protect your interests.Good luck.

DSCR loans provide a 30 year option.

For other folks, here are some other entities that would, if you sold the property to, have negative tax consequences: YouYour spouseAny of your lineal ascendants or descendants (parents, children, grandchildren, and the spouses of children, grandchildren, — including legally adopted children)Any investment providers or fiduciaries of the IRAAny entity (like a corporation, LLC, or trust) where a disqualified person owns more than 50%Any entity (like previously listed) where the IRA account-holder is an officer, director, a 10% or more shareholder, or a highly compensated employee