However, when I approached my acquaintance, they mentioned their rash frustration with a previously failed attempt at finding a buyer in years past when using other realtors, and have refused to sign a contract unless a buyer is found first!

After speaking with maybe 12 or 13 different lenders in the area (and being rejected by all due to the property type) I approached the seller and informed them, politely, that the property would not sell unless someone was able to offer cash.

After speaking with maybe 12 or 13 different lenders in the area (and being rejected by all due to the property type) I approached the seller and informed them, politely, that the property would not sell unless someone was able to offer cash.

I like @Russell Brazil ‘s approach.

If I were asked to identify the main hold up it's the fact that I haven't been able to find a decent deal, so I am thinking of changing my approach in the following ways: 1.)

Similar to @Yoann Dorat, my first approach would be to try to get the tenant out as soon as possible.

Long Story short, how do I approach private investors or find them?

We'd like to better understand property value vs. rental prices, but our current approach of going on rentfaster and clicking different listings feels very inefficient...At bit of background: We've got $120k in savings and are leaning towards 5% down.

What real estate investing approach are you most interested in pursuing?

An equity cash out approach may be an alternative source for you .