Probably 90% of sub to / seller financed transactions involve purchase price ABOVE what an investor would pay having to obtain new institutional financing or paying cash.  

Great tools that get updated regularly.I am on the lending side of things and would be happy to hop on a call with you anytime to discuss financial strategies and help answer any questions you may have about nearly any loan product available to help you on your journey, even if they are not products my capital partners offer.I have quite a few clients investing in Ohio that are BRRRRing. 

Many lenders will deduct 5% so if the maximum for the borrower's credit profile is 80% LTV, the lender will only lend 75% for a short term rental. 

I go to a meet up in San diego called private lending masters.  

@Kevin Hilton not sure which market you're looking at for your next purchase, but I have a lending partner who can do investment deals (including non-warrantable condotels) with just 15% down if it helps. 

Banks aren't really in the business of lending to real estate investors anyway...they focus primarily on "operating entities", but they can be done.

It comes down to what your pro forma is, and what lenders are willing to lend on the property.75k per unit for 550 in rents in Dayton is probably over valued, especially if there is deferred maintenance.

I agree with the posts above, save money and make yourself someone people want to lend to.  35% equity with no money in your pocket isn't a good deal for a lender.  35% equity on top of a 25% down payment with 6 mo of reserves in your pocket is probably a much better deal for a lender. 

Every bank I have worked with on the lending side always requires builders risk policies.

Great tools that get updated regularly.I am on the lending side of things and would be happy to hop on a call with you anytime to discuss financial strategies and help answer any questions you may have about nearly any loan product available to help you on your journey, even if they are not products my capital partners offer.We are all here to help you learn and grow.