We did a hotel deal that was finalized in getting a commitment on the phone in probably about 30 minutes, but: That isn't done by just anyone unless you name is Walton or Gates or Buffet or other very wealthy folks, where you might have some opportunity or cause and the investor(s) have knowledge of your offering, your reputation, your abilities to perform and where that fund raiser has the financial expertise and social skills to carry off such a commitment.

Think of REI as a 4 legged stool.Leg 1 - Buyers - for Investors, FHA Buyers, Tenant Buyers, Owner Financing BuyersLeg 2 - Sellers - A B C D Areas, Needs Work, Pretty Houses, Equity, No EquityLeg 3 - Funding - Bank Loans, Private Lenders, JV Split Partners, Hard Money Lenders, Owner Financing for Free and Clear Houses.Leg 4 - COIs - Center of Influence Referral Partners - Only after you have success stories, like CPAs, Attorneys, Financial Planners, etc to refer you business.Techniques include: Wholesaling, Rehabbing, Lease Option Flips, Sub2 Rent Out, Sub 2 Lease Option, etc.Private Lenders for Buy and Hold was your question.I would focus on sub2 and rent out.

Always had the dream of being financially stable in my 40s/50s and have ventured out looking in stocks and whatnot, reading some books, etc.

I don't have a huge amount of financial resources at this time, so financing the purchase of properties is a key point of interest to me starting out.

Even the folks who you might want to rent were either not financially qualified, credit scores below 550, or had criminal records.So far, I have not found Waterbury to be viable for investing in real estate, for short term projects.I swore not to buy another one in Waterbury, however, one of the contractors I hired, has asked me to partner with him on some multi-family homes, but I am not convinced.  

These are my fears.My present goal, as someone doomed to $11/hr jobs, is to become financially independent, and then see where it takes me as a business.

A very serious conversation of the consequences of an eviction and/or a financial judgement on their future job prospects might be sobering.

@Craig Price - I think you'll find that it depends on your financial goals & objectives.

--------------------Strategic Framework:------------------Business Plan Outline:Business StrategyIntroductionStrategic GoalsManagement and OrganizationShortfalls and MitigationFinancial Overview10yr Financial Plan Projections10yr Asset/Liability Sheet ProjectionsMain Effort – Long Term Hold (Rentals)Goals and BenefitsProcess OverviewAcquisition CriteriaFunding OptionsRehab ConceptsProperty ManagementMaintenance and Repair AssumptionsProperty Disposition & Marketing PlanSample Long Term Hold InvestmentSupporting Effort 1 – Real Estate AgencyGoals and BenefitsTransition PlanMarketing PlanSupporting Effort 2 – Short Term Hold (Flipping)Goals and BenefitsProcess OverviewAcquisition CriteriaFunding OptionsRehab ConceptsProperty Disposition & Marketing PlanSample Short Term Hold InvestmentAppendicesMarket AnalysisNegotiation MethodsRental Analysis SheetRehab Analysis SheetInspections PhilosophyRehab Process ChecklistSample Contractor Statement of WorkSample Contractor Lien WaiverSample Rental ContractKey Partners and ContactsReferences

To assume makes an *** out of u and me.One other aspect as to many threads on BP, there are aspects of doing deals by some folks on here, their attitudes and how they may view an issue that often should not be duplicated by new folks or those with financial limitations.