Rates can be a bit higher in the 8-9% range.

And there are sponsors that have survived multiple cycles with little to no money lost and sponsors that are brand-new (and everyone in between)So these all come with a wide range of projected returns, actual returns and experiences.

B neighborhood of a blue collar market, active resale value because of price range and desirability. 

For a turnkey property, in an "A" neighborhood, a reasonable cash-on-cash return might range between 5-8%, since these areas tend to be more stable but with lower returns.

These loans often have more flexible terms than hard money loans.Cons: You need a strong relationship with investors, and interest rates can vary widely depending on the deal structure.

You can also look at creative financing/subto or owner finance as an option and finally there are DSCR options that will allow you to go up to 85% of purchase (but there is a fairly severe interest rate penalty), so I'd recommend staying in the 70-80% range.

i have another quote for 900$ the price range is strange

As you get up and running, having a diverse range of contacts— from wholesalers to hard money lenders — means more opportunities. 

@Gabriel Dent Depending on your work and savings, it could be worth doing an application with a lender to see what you could get preapproved up to so you know what range you can offer within and then compare those duplexes, triplexes, and fourplexes to where you could rent for the time being instead. 

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