I've found no fewer than 9 multi family dwellings that are ripe for the plucking but I'm so broke I can't afford a free phone call. by my estimates, these properties combined would net me $8,600 a month in revenue depending on mortgage payments. it is painfully frustrating to see these numbers and not have the knowledge to obtain the capitol to put them in my portfolio.

I don't have that problem on Airbnb, everything is pretty straight forward, normally I get an instant book or someone asking for preapproval.

I was unnecessarily and not very clearly drawing a distinction between 1-4 unit Single Family Dwelling vs. 5+unit "multi-family" financing.  

These include, but are not limited to: residentially zoned land and house lots; three family homes; apartments and tenement houses; multi-family dwellings and housing developments; publicly assisted housing; and, single and two family residences intended for sale.All commercial space, for sale or for rent, and all land intended to be put to commercial use are covered by M.G.L. c. 151B, s. 4.(4) Property Not Covered By M.G.L. c. 151B, s. 4.

The builder's risk and vacant dwelling policies are expensive and cumbersome to get for each property individually.

Forget about instant gratification and work towards future goals.   

So, in a hot market the seller will look first for a cash buyer with no financing contingency, second for a buyer with approved financing from a conventional lender, third from a buyer who has been qualified by a mortgage broker, and last, i at all from a buyer with a POF from a hard money lender.Of course not all sellers, or the brokers representing them are sophisticated, so if you make enough offers you WILL get some sellers that accept you POF letter.Just to show you how meaningless these POF letters from hard money lenders really are, about 8 years ago a number of lenders published a generic POF on their websites, and told potential borrowers to download the letters, fill in the blanks, and they had an instant proof of funds.  

Who knows if it will come together but it didn't get instantly shot down as "crazy".

The instant you pull the money out, you have "a second mortgage", but you also have an investment that will pay the mortgage so the net result is positive.  

The contractor used this flashing material https://m.lowes.com/pd/Peel-Seal-Instant-Waterproo...