Your detailed explaination will be highly appreciated and I know it’s not a legal advice 😁

Wholesaling is a great low cost way to make a lot of short-term cash, but it does not build long-term wealth.

@Ben SyzekFor long term rentals in Colorado Springs you will need to find a deal at 50% ARV (This is very hard) or do a large down payment of 25-35%.

I have a w-2 income and own three properties, all long term rentals, that I've had for a few years.

They might be willing to give different terms especially to a high net worth person that they can likely make money on cross selling.

We love investing into properties that we can hold long term and we have been fortunate enough to have great tenants through our intense vetting process that stay with us for long periods of time.

Once I've completed these initial projects and built up some capital, my long-term goal is to transition into buy-and-hold investments in potentially more affordable markets to maximize cash flow and scale up.Right now, I'm particularly interested in investing locally here in the Seattle metro area.

They may cost more upfront, and require more work, but you'll see higher returns long term.

Each lender will be willing to provide a ballpark rate quote with some simple info such as FICO score, property type, location, term, and desired LTV.

Also, the refinance of the property into a long-term DSCR loan to hold the property for rentals after your rehab is complete.