As you can see, all those cost savings that people keep telling you about quickly evaporate.

That's not my market, but it seems like excellent news to me - regulations like that encourage responsible ownership/management without severely handicapping the industry, and in my opinion creates a safer environment in which to operate a business without fearing that super-strict regulations could swoop in at any moment.  

Thanks in advance for any responses and/or encouragement!

Would anyone encourage or discourage me from doing this to start out?

Now think about those companies who send you junk mail encouraging you to refinance -- they were probably at like 90%+.

However, I hope and will encourage the seller to simply work with the buyer directly to find a simple solution.-- Jamie Rose

I would recommend both...They both encourage you to just get started after educating yourself properly aa well as surround yourself around a great A-Team!

Thanks Jonathan Soto, I appreciate the encouragement. 

Also, please feel free to PM me for any help or encouragement!

Anything under 6 months and it's considered a delayed finance, and cash out is at 70LTC.LTC = what it cost you per the closing statementLTV = what it apppraises for after stabilizing the propertyThat's just my lender, I'm sure that other lenders do it differently and that's why we are encouraged to call all the banks to line up financing before buying.