Another option is hard money/private money but that has its own set of risks.Bottom line is keep learning everyday!

Stadiums and conference centers often prove to have negative net economic effects - basically government giveaways to private corporations that don't pay for themselves.  

Your deal source can't also be your pre-acquisitions advisor and your property manager without you getting the fuzzy end of that particular lollipop.Build an independent local network - One of the biggest mistakes many overseas investors make is relying solely on their local hired team for feedback.

I thought I had a Private lender lined up at 100%, but he was a scam.

In my opinion the biggest risk is that you are very new to the game, and there's a high chance you will make a bunch of rookie mistakes.

However, if you have private money or hard money in the deal and they want their money at a certain time, the refinancing is good because payments to the bank at 5% or less is better that 7% or higher using other people money.

Your biggest issue will be your first couple years.

Side note: The biggest piece of advice about owning a restaurant/bar is to pay for your own drinks. 1.

Cash flow would be amazing but my main objective is to cut out my biggest monthly expense RENT!!

Im interested in using a private money lender to purchase a foreclosure.