Does the loan have a "history" is it FHA, VA, Conventional16.

The counterclaim states that since the deed in lieu language was part of the loan, the entire loan is invalid.

The process from start to finish would take four months and cost ~200k to build, with comps in the area around 355k-lender man said, refinancing would take six months as most lenders wont refinance a property unless its been built for six months, affecting the strategy to get paid out from refinancing quicker and closing out on construction loan-The property would not appraise at comps value, but at the cost it took to build, affecting getting paid out from the refinance.

Traditional bank loans can be slow and have strict requirements, while hard money and private lending seem to offer more flexibility.For those who’ve secured funding before, what’s been your experience?

My plan is to use a low down payment conventional loan, and with the factors you mentioned, it’ll likely be tough to find a property that breaks even.

Looks like there will be some grants and loans to assist SFR and duplex owners only in the form of a lein on your property.

I've seen many investors get burned because they failed to understand their hard money loan terms/rates, even if they did acquire what should have been a home run deal. 

Start by getting pre-approved for a loan, ensuring your credit score, debt-to-income ratio, and finances meet lender requirements.

@Luke Hamlin you can buy a second home with 10% down with a Conventional loan.

It’s because having cash available doesn’t not necessarily mean the borrower has the credit CAPACITY to obtain a loan.