Not impossible, but difficult..

, but part of me is worried that even with a PM, this property will turn out to be a big headache...and if I decided this was a mistake and wanted to sell, it would be impossible without taking a major bath.

Hi,In Barcelona city is becoming impossible to get that yields.

Traditionally banks loan on appraised or purchase, whichever is lower...you may be describing a hard money lender...that's a different ballgame altogether...It's impossible (in 99.999%) of all real estate acquisitions to use financing and acquire a property with no money out of pocket...best you could do is HML if you're flipping this...you may scrape by with points and fees...If you're using HML you will have to sell the property or settle the debt with a re-finance...re-fi's are typically 70% LTV...and completely dependent upon your personal financial situation, DTI...easy to get burned if you don't have capacity or the value is not there...and this is an expensive asset.A conventional lender can't lend if seller financing is involved...lending constraints...

In the current lending environment you may be able to find a non-conventional lender that will let you get away with a 10-15% down payment, but expect to pay for that in interest rate (upwards of 7%+)No matter what though nothing is impossible no matter what anyone here tells you.

The best option is to refinance in the name of the LLC, but to do that your LLC needs a credit rating (impossible without a DUNS), and appropriate closing costs and reserves.You can't just transfer mortgaged property into an LLC because it then let's the individual off the hook in the event the property needs to be foreclosed.

That may sound impossible but I've been able to do that in downtown Lowell. 

At least in the few “deals” I have seen.In NV, it's not necessarily illegal for a licensed agent to wholesale but its nearly impossible to follow the regulations/rules set by the real estate commission, the MLS and still maintain licensure. 

I hear that verification of employment salary is almost impossible from these companies and, if we as a landlord, call the company.Want to do credit check, eviction, criminal etc (as have kids on site and am only asking 1.5 month dep) and so many people are saying their reports came back clean but then they found out things after the rental went bad.Seems ridiculous that someone hasn't cornered the market with an honest reporting company with such an important requirement.Thx

@Amy DeCesare While the areas you mention could certainly benefit from more multi-family units, generally people in the more affluent parts of the state like Washington county oppose such new development, either indirectly through zoning ordinances like minimum lot size and parking requirements that make it almost impossible to build (as @Brandon Ingegneri mentioned), or directly at zoning hearings where neighbors show up and oppose it because that they don't want to change the "character" of their neighborhood.It can be done, but it's far more the exception than the rule and requires big bucks, political savviness, and the ability to make a big bet and absorb the loss if you lose.