I have a preliminary call in a few minutes with a person that wants to get into private lending and wants to engage our loan consulting side to assist.

I personally have mine through USAA.  

How would you explain these buyers terms to the seller. ok. 30 year amortization means the monthly payments are based on a 30 year loan, but at year 20 whatever the balance is they pay it off then (balloon payment)Personally I would NOT accept any of these offers.

I don't mean the following to sound discouraging, but I would encourage you to be extremely cautious and conservative before buying a random property in Dayton because someone - a property manager, an agent, the seller of the property, some random person on BP - tells you it's a 'great deal,' and you will 'cash flow.'  

Interesting, you do the in person follow up after they agree to terms? 

David,You can also use a personal loan which is generally easier and goes up to $50K. 

Then you have a person in that market if you get an investor deal.

I will say, personally if I'm going to a rental and they have a golf cart that would be AWESOME and I would love it, but I know I'm responsible.

Army, attracting a steady influx of PHD education people.Houston, TX: Houston's diverse economy spanning oil (used to be just this), healthcare, and technology provides a robust job market that supports housing demand.

If you plan to use this as a stepping stone, then your time and effort is part of your education and is well worth it.The good news is if you do keep it you can do a test run for 3 years before you would lose your capital gains exemption.