I'm also hitting the 2% rule with $800 rent and feel I have room to raise it as I am on the lower end in the area.Since I bought my first condo with cash I was able to leverage that equity with a HELOC (5/3 Bank), they appraised my property at $58k and gave me $37,500 (65% LTV).

I pay by ACH as well to avoid having to write checks and mail so they receive their funds quickly and it's efficient. 

About a year ago I did a cashout refinance to secure funds for other properties and the property reappraised for $480k.

They have like 40 different funding option. 

Hello fellow BP’sDoes anyone have any experience with Colonial Capital Management note funds?

This is value add opportunity- rents had previously been under market value (450/month) and since acquiring the property and renovating it, the management team recently raised the rents to match market value in the area (525/month) The property is projected to generate over 25k of monthly income, a cash flow of almost 11k a month, and the annual cash on cash ROIis projected to be nearly 32% This would be my first large multi-unit apartment deal and I’m looking to either obtain a commercial loan for the property or (ideally) find private/hard money lender that would might also (eventually) serve as a partner/mentor/associate/eventual first to a smart, hardworking, and ambitious young real estate investor.

I'd rather put less down but I want to be able to maximize this opportunity without making Uncle Sam raise an eyebrow.

I’m funding my first private loan this Monday.

Then apply the first funds to the repairs and give notice to quit or pay if they do not pay in full.

For the first year, save all "cash flow" in a dedicated account and ensure you keep it there for your emergency fund.