Unlike traditional financing (where you should get a pre-approval before shopping for deals), hard money is centered more around the property than it it around your personal finances.

@Shawn Ackerman okay, so if itll rent for 800 with a traditional in the sandwich lease option with 25% added to it, i would charge the new tenant 1000$?

If she were to pass the game would be different.

Whats the story and game plan for the property!

One company owns everything and does nothing (this is your SLLC a/k/a "asset holding company") and a completely separate company handles all of your operations (this is a traditional LLC a/k/a "operating company") For the operating company which serves as your face to the world and through which you do all your business, you establish a Traditional LLC to carry out the operations of your investments.

One company owns everything and does nothing (this is your SLLC a/k/a "asset holding company") and a completely separate company handles all of your operations (this is a traditional LLC a/k/a "operating company") For the operating company which serves as your face to the world and through which you do all your business, you establish a Traditional LLC to carry out the operations of your investments.

I think you’re right, the homes here are interesting and definitely not traditional by a national standard.It also makes it difficult that vacation rentals are technically illegal, since there is such a large quantity of them.

Since you're only 16 with limited income and capital, traditional lending methods are out of the question to acquire property. 

I am studying for my exam now, and while I plan to do some traditional Agent work, the main focus is for investing in real estate.

The old adage "location, location, location" rings true in this game.