This disqualifies a lot of borrowers or makes the terms undesirable.Cheers!

What are the biggest challenges you face as a private money borrower?

Tell the truth, because if they are trying to purchase a home and a verification of rent is from a private party we'll ask for supporting documentation from the borrower anyways, as we know landlords may stretch the truth. 

Gave a higher LTV because we could cross collateralize against other propertiesEach deal is looked at differently when you are a smaller company and can work with a borrower as long as it works for both sides.

Since you have excellent credit and a down payment ready, you could also explore **bank statement loans**, which are often tailored for self-employed borrowers and can sometimes offer more competitive rates.

But lender will underwrite you the borrower, i.e income, employment, DTI ...

Fannie Mae's definition for second home properties includes "must be occupied by the borrower for some portion of the year".

Then we can borrow against some of that equity which is another reason that narrower margins may still be worth it.

so if you just buy a random property with 100% financing, you'll never pay back the loans with the property - you'll be negative and  have to pay it back with other money.and if you BRRRR using 100% borrowed money you have to really knock it out of the park to get all your money back, which is very difficult to do as a new investor.the way BRRRR works (as you know) is you buy (with money - cash from your checking account, cash from your uncle, hard money, a HELOC, a cm) fix the property up, then refinance. 

Since all of this money is being borrowed and paid back in a short amount of time.