They love the idea of wealth, financial freedom, but don't want to put their own financials on the line.

Any other ideas for how to solve this problem?

Having a review is a good idea.  

Is it okay to file an extension or a bad idea? 

Do have an idea of your preferred acquisition price and how much rehab might be required? 

I'd be happy to share more ideas, let me know! 

Just to name a few: Borrower's Experience FICO Loan Amount Loan Type being sought: Perm (30 yr ams), Bridge (12-36mo I/O), Rehab (12-36mo I/O), Ground Up (12-60mo I/O) Property Type (1-4 unit, 5+ MF, Warehouse/industrial, Hospitality etc)If you have a specific deal in mind, then you can have a lender (or broker) look at it and give you a better idea.

Writing them down turns your ideas into tangible objectives you can work toward.

I haven’t done my first deal yet, but through hiring a local contractor to build my personal residence I had this idea that I don’t hear people talking about.

Thanks Jad, these are all good ideas.