@Anthony Thompson most of my deals/network is in Boston however RI is looking promising in a few sectors primarily STRs in Middletown, College/summer rental combos in Ganset (regulations are tough though) and rehabs/LTRs in parts of Providence

I was thinking that through a non-traditional/private lender that I could buy the property for something like $500-550k and then resell it, even if it's for a small profit.

Please feel free to private message me.Best regards,

In that case, I would probably set up a single member LLC (perhaps in Wyoming where it is private and inexpensive).

If you didn't want to do the house hack and just buy a rental, you could possibly BRRRR and use hard money or private money but again, you'd want to talk to banks first to make sure that you'll be able to re-fi. 

I would like to raise private money from investors I know personally to syndicate a commercial multi-family project(under $1 million and between 2-12 units).

you get some income each month (hopefully) but even with rentals, you are building more and more work with each new asset in the portfolio.If you want to be passive, you start investing in other operators, either as a private lender or equity investor.  

I have a property I am very interested in and I am looking to use private money and an FHA loan. 

While we could probably afford this, I'd like to explore leveraging private money to fund a down payment in addition to our own funds.Where can I get more information about taking private money - be it from a friend, family member, etc. - and using this in conjunction with our own money for an owner-occupied MFH? 

There are several books out on raising private money and syndication, as well as MF real estate.