Have you looked into local credit unions or alternative financing programs?

It's best to approach 2-3 lenders to compare their rates, terms, and loan programs.

With $1100 in cashflow, a skilled investor who understands the section 8 program can kill the game.

Most DSCR programs will want you to have owned the property for more than 6 months to allow you to use appraised value instead of cost.

It is extremely hard to find programs for 0 experience simply on the 1-4 unit side of ground up construction. 

Lender A is $500 cheaper in lender fees because they dont pay for some program or staff who, among other things, doublechecks info inputs and documents for accuracy.

@Avani PatelFor my flipping business, I prefer to use fewer software programs to streamline things.

The Snohomish county program details can be found at http://snohomishcountywa.gov/DocumentCenter/Home/V...

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I enjoy teaching BP members how to use the system to save more money by using programs and taking advantage of loopholes.