Sometimes when modifying a loan, if you are increasing the P+I, that could be considered a refinance, requiring you to re-underwrite (due to Dodd-Frank's requirement to show the borrower's ability to repay). 

How challenging has it been for w9 & sole proprietors to borrow?

The goal is to get the property or borrower prepared for conventional financing. 

We're hoping to only use our 230K saving and not borrow from 401K or home equity for a down payment?

NOI, and by extension the cap rate allows people to compare 2 different assets.The amount of leverage an investor uses, and the rate at which he borrows, and the length of time they have to pay back that debt are completely independent factors from the asset.

They're also easy to qualify for since the underwriting is based primarily on the property, not you as the borrower (no DTI requirements). appy to connect and chat further if you have any questions. 

Studying successful investors through books, seminars, or online content can provide valuable insights.When evaluating potential borrowers, conduct thorough due diligence.

In my life outside of real estate, I worked in Information technology where I have participated in the creation of open source software as well as documentation published under creative commons. lots of license thinking to borrow from.It has always felt wrong to attempt to monetize everything associated with real estate investing.

If I borrow $75,000 on a $200,000 house I know the payment will be around $600/month.  

Do you have any other real estate you can borrow against?