@Jason Khoury I purchased my current residence, a duplex, from a local non-profit about 5 years ago.

Also, you can possibly take equity out of your current properties instead of taking out a construction/hard money loans.Purchase and Rehab Financing:If you are doing simple purchase and rehab (not ground up), then it's not that hard to qualify and you just need to right broker/program.

We are seeing much longer wait times on purchases to be cleared for disbursing funds than refinances.

Heck, I was nervous on one of my most recent purchases because it was my biggest ever - and I've done over 100 transactions.Your current house is probable a Class A property - which is the easiest to manage. 

Your purchasing an outcome, your purchasing KNOWLEDGE, skill, expertise, RESULTS. 

Quote from @Andrea Lucarelli: I’m interested in beginning my REI career with purchasing a SFH or condo in Cleveland area (safe neighborhood) to list as a furnished rental for travel medical professionals, supply corporate housing needs, or house temporarily displaced families for insurance companies.  

Purchase price: $15,000 Cash invested: $25,000 Sub to deal - paid the seller and wholesaler $15,000 + $7500 closing costs to assume $84,000 mortgage with a monthly PITI of $575.

I have programs that require only 10% down for the purchase, and will finance 100% of the rehab.

Hello all, I recently purchased a condo on the east side of Madison from a foreclosure sale auction.

Purchase price: $185,000 Cash invested: $35,000 Sale price: $671,000This was our 3rd home.