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

There are some connectivity issues with it, but overall a good product.

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.

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

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%.

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

There is a price discount, and your sales rep will inform you of "specials" on products you may be interested in from time to time.

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.