Bank Financing. Rental vs. Flipped Property???

[Cassidy Burns]

Good Afternoon BP!

I just recently got another property under contract that I will be performing a flip and I have run into a little issue with financing and was wondering if anyone else has encountered this:

I have used the same 2 banks for my 12 transactions in 2017/2018 10 have been rentals and 2 have been renovation/flips.  The first flip there was no issue and I don't think they even asked if it was a flip or rental and they were able to use all of my documentation that they used for the rentals.  BUT..... 

On this current transaction they are pulling tooth and nail and needing every single updated document as I told them this was a flip.  Has anyone else found it harder to get financing for flip properties over rental properties???

Best practice to just let banks assume it is a rental? 

Any advice/feedback is greatly appreciated.

Thank you!