If you can raise money without stressing out completely, than go for it.

Some lenders would raise the 20% with private investors through PPMs or unsecrued notes bank does not allow junior loans.

Now on raising $ side of things, I suggest first you do some research on syndications.

It is not clear to my what you waht from your post.You raised 4M in 2 months. 

I mainly am curious how people have raised capital for their first properties. 

The servicers have to send notices 15 days prior to the transfer, but the new servicer is required by law to honor any payments made to the old servicer for 60 days.

While sophistication of your equity partners (private money lenders) will vary between residential and commercial, the principle of raising private capital is the same.You need to develop your own system which allows a constant stream of PML even when you don't need the funds and/or don't have an active deal under contract.For example; I raise private capital by offering free educational workshops for people with self-directed IRAs.

Service seems useful.

I imagine there is a good level of demand for your services in a city like Nashville!

I'm looking to categorize my buyers and blast out a text message to specific groups whenever I get a property that fits their criteria.I'm sure services like this exist out there but I'm looking for the most cost effective one and I'd rather hear the best from you guys rather than from the salesman pitching their product.Does anyone use a platform like this and how does it perform for you?