https://www.biggerpockets.com/member-blogs/12615/88171-due-diligence-is-the-key-what-can-you-dohttps://www.biggerpockets.com/member-blogs/12615/88227-the-truth-about-indianapolisIf you have any questions, I'd be happy to share my expriences in Indianapolis and with some of the local players.  

In your context your solution works as well or better because you are making the decision for an individual property.

@Lisa Eckman hard money is institutionalized private money comes from individuals who typically aren't running large operations but lending their own personal funds

I of course want my own investments on the side, but to also be around like-minded individuals.

I'm happy to get together and talk shop anytime, just to be around some like minded individuals. 

I’m looking for suggestions, info, drafts/formats, etc to present to potential financial partners to finance deals.I have more deal opportunities that financing available and am getting to a point where I’d really like to bring in outside/investor cash financing.I know several individuals in my network that are interested / willing to invest, but I need to be annoyed to present them with a term sheet or agreements And was going to see if anyone could offer help in putting something together or where to find.Thanks for any help!

I considered taking the FHA route.Since I have the project managing experience my sights were set on a two bedroom one bath that I could make a three bedroom two bath down the road.Now taking this to a business level vs personal level- that's the basic backbone of the business.I can do the drawings, have experience with the individuals that handle permitting, and the process, and then can directly reach out to subcontractors as the owner of the property to facilitate the rehab and/or addition.My own research has led me to believe that rental rates (I also have personal experience with these) and low vacancy due to over demand should prop up this model effectively. 

@Paul Latendresse it depends on everyone's individual circumstances.

The purchase price was $80,000- I paid $30,000 to the seller (by flipping 2 mobile home lots in town and profiting $14,000)- I assumed to note that was held by another individual. ($50,000 @ 8%) No pics cause BP website wont upload or save it :( What made you interested in investing in this type of deal?

You are protected up to $250 individually and $500 as a couple based on my understanding and opinion, keep the orders and the documentation that supports the timeline because you're likely to have to prove it several times but I dont think you have much to worry about.