For traditional loans that rely on personal income and DTI (Conv, govt), there is no requirement that the properties be profitable.

Cash out refi will be tough due to the price, not sure if there is a local bank you can reach out for the financing.

Curious if we have to officially wait till trump is president or if some banks have already started the process.

Looking for guidance on options. new builds aren't hard to finance and I would argue they are preferred to existing fix and flip loans, especially if you have experience. banks look at your experience, your builder's experience, loan structure, permits, etc you need to get an experienced builder familiar with advanced underwriting and negotiations with local, regional, and national lenders. in columbus we do ground up construction for clients at a 20% discount so they can BRRRR out of the new build with equity and we have pages and pages of data on what we build and why and it's all supported by market statistics. 

What banks will do just depends on the bank, and your relationship with that bank.

Quote from @Ruth Garcia: @Jamie Banks Congratulations, great win!

Quote from @Stuart Udis: Not creative, but good real estate and traditional financing is almost always better than incredible seller financing terms and lousy real estate.

For almost any kind of permanent rental/investment property financing (whether Conventional, DSCR, or local bank), you are going to need a decent credit score to qualify.

This one was purchased through bank foreclosure proceeding's.

I already have one traditional LTR with a traditionally-qualified tenant.