I assume pull comps and begin to look for a lender?

Hi Everyone - I've been reading through this site to try an absorb as much advice, lessons, and financing information as possible, but haven't found any answers for my exact question.I'm interested in finding hard money lenders to finance larger down-payments on multi-family units (loans of 60K or less).

@John McAuleyDmitriy is correct, there is no means for your retirement plan to be a lender on a property that you own personally.With a self-directed IRA or 401k, it is not you investing in real estate with access to that tax-sheltered retirement savings, but rather the plan investing in real estate.  

Our lender informed us that in order to qualify for a conventional loan, the property needs to undergo all repairs outlined in our purchase agreement in order for be appraised as 'Average' ( appraiser stipulated that the repairs requested in our contract would satisfy the necessary items to bring the property up to Average Condition).

After researching and looking at everything from 60k (lowest our Lender would go) to about 150k, we really like a 3/2 SFR property closer to 150k that we can rent out two rooms.  

Call the hard money lenders in your area and ask for phone numbers of good wholesalers they work with and make loans to often.Also,you can attend local real estate investment club meetings and meet wholesalers directly.I wouldn't trust Craigslist to find someone to mow my lawn quite frankly.

rent it out.If you've got a decent lender that will refinance for higher than your cost basis that is the route I'd go.

-Talk with local lenders and see what rates and loan amounts I can get.

Does anyone know of lenders in TX, GA or MN that will loan on notes under 50k?

I am using the purchase with hard money, rehab, rent, then refinance with commercial lender plan.My hard money lender charges 5 points on the first deal, 4 points on the second, 3 points on the third ect...