That is typically 2x most note funds.

Start building your down payment fund and check different financing options.

We do currently have around $50k set aside for our next downpayment as well (that’s in addition to a $25k emergency fund).

Here are some common pitfalls I see for new investors from the private lending perspective:• Insufficient Funds: most lenders are going to be able to lend a first-time investor somewhere around 75-80% of the purchase price of an existing property + 100% of your estimated rehab budget (or an 80/100 loan, for short).

This is bank loan that this depository institution made to you using depositor funds.

They do conduct a background check, credit check, will check cash reserves, and will make sure the borrower is using their funds for business purpose only, but there is less emphasis on the borrower and more on the deal itself. 

We are wondering how to go about showing proof of funds if the deal ends up being an on-market deal.Any advice would be helpful.

I am getting a 5% interest rate, 30 year amortization with no balloon, no prepayment penalty.I am deciding the best way to fund the rehab. 

I'm of the opinion that index funds are a better investment unless you are really hands on.

I ran some quick numbers and would estimate (assuming you have good credit) you could borrow around $415k-$420k, which includes funding 100% of the rehab costs.Have you calculated your expected profit based on selling after rehab and if you decide to keep long term?