I have an 800+ credit score and access to over $100k in revolving credit and much more than that in personal loan offers, but currently have less than $10k in cash reserves, which I plan to build back up to $20k in two months.My mom, in her mid-50s, wants to invest in real estate as a means to improve her retirement.

Consider your credit score and history to determine your eligibility for traditional or creative financing.

It really depends on the scenario.If someone is in deep waters, BK, foreclosure, terrible credit, etc.You don't want to be above 60% LTV as that borrower has an incredible risk of default.

Most enticing is it is located on a very well established street with a wall score of 92 - lots of restaurants, bars, shops and a park nearby.

What documents do they require, what credit scores do they allow, how do they verify previous rental history, etc.?

On a 400k loan thats 20Gs I mean depends on the score, DSCR, and loan to value. and even then it is hard and requires 5%, 5 year PPP. 

SubTo is incredible.

Sure, in theory, the strategy this investor used might sound clever, but it’s also incredibly risky to rely solely on the compliance of a borrower—especially when they might not fully understand the terms or simply can't agree due to their personal situation.I have tons of ideas that might look good on paper, but I don’t pursue them because I assess the real risks involved.

Hey Steve,Thanks for that incredible insight on the Tampa market!

I would have paid $100k because the massive and never-ending value that community/family gives is incredible to say the least.