I have a new career now but recently started Investing in Real estate due to my past experiences and flexibility in current job.

  $3400/2 - $1750 = -$50 but 1) he is self managing 2) his mortgage may have escrow holding.So subtract 10% off the 50% for self management (but he is earning this 10% by doing the PM duties).$3400*0.6-$1750=$290

And that syndicator should be the last person with whom you should entrust your hard-earned money.

In the meantime my cash is sitting in my savings account earning .02% interest :( My question is for other private lenders, where do you keep your funds while waiting for the next deal?

If was able to pay the premiums internally and earn 4-5% on top of that.

That way I can work on the house, I can live in the house, and I can earn cashflow from the house.

It's all a game of solving problems, and making things work no matter what your career is.Recently wrote a post about getting started, but check it out below:https://www.biggerpockets.com/...

I don't earn any profit from this deal as the monies he's paying is the exact amount I pay on my mortgage every month. 

I have listened to thousands of hours of BP podcasts (as well as others) and audio books on the various forms of investing.I am "that guy" with 800+ credit, what I believe to be more than adequate knowledge, great communication skills, a real estate sales background, and very little REI experience.I'm anxious to find a great Core 4 (Lenders, Deal Finders, Contractors, Property Managers) and start a successful buy-and-hold REI career, locally and/or long distance. 

Total Monthly Payments for 60 Months: $1,677.67 X 60 Months = $100,660.20 Balance Remaining After 60 Months: $334,864.68 Total Received: $334,864.68 + $100,660.20 + $1,000.00 = $436,524.88 Total Interest Earned: $36,025.08 Seller is interested in financing this deal, but they are concerned about low down payment and how they are going to protect their interest during this transaction.