For this product most lenders will go off of the purchase price plus your rehab cost for a conventional loan.

And the above examples I don't think are good analogies - renting a crane and using it for other productive work is not the same thing as renting something and just pocketing the middle man fee.

.$6.85 Zulay Kitchen Milk Frother Wand - https://www.amazon.com/dp/B082314NFLSo we have this in our lake house and it gets used all the time.

There tons of old duplexes that need renovating, and vacancy rates for a nice product are very very low like 1-3%.

I urge my fellow lenders to utilize the power of google before they try and put borrowers into less advantageous products like DSCR loans. 

They followed up right away on my pre-approval application that I submitted online.The appraisal (which usually seems to be a bottleneck with other lenders) reached out right away, even before my term sheet was finalized.Now here is where I feel a bit frustrated with their product marketing and what I actually got.

There are some products out there that will go to 80 CLTV but pricing will be much better at 75%.

The relationships to bring the product to market or to a distributor.

There were also pre-payment penalties that were associated with that loan product.

I'm glad you two were able to connect.Although we have a pool of conventional and portfolio lenders, the challenge today is there are not a lot of "stated income" loan products.