Myself with 6 inch thick tax returns and no NON commercial underwriter can really under stand them LOL  its frustrating no doubt. but it was necessary to protect the industry.as @Chris Mason  a great private RMLO is worth their weight .. we use one in Oregon for our deals here I would never go anywhere else.. been 16 years with same person..

My biggest issue was learning what something should rent for, 7 years later with 11 homes I am kinda the go to guy in this little town for rental rates, at least in my circle. 

Plus, it is a very desirable market due to government, defense contracting, private equity and other businesses operating there. 

Andre Crabb I invest both locally (directly-owned properties) as well as "remotely" through syndications and private lending.

@Ron Hall I'm using private money and paying interest.

I would recommend buying the biggest you can.

Private money which would be approx a 15k note that I would pay back @7% over 5 years making it a lower monthly payment - Use my own money.

@Russell Brazil You're right, of course, but we see private parties submitting MAR contracts all the time. 

I even became a real estate YouTube vlogger myself to document my journey after I quit my job.11 months later I closed on the biggest deal that I couldn't possibly have ever imagined doing! 

How does the draw process/schedule work when borrowing from a private lender (in as much detail as possible)?