@Brian Garrett Focus is on the asset, but they'll still check on the borrower's PFS.Usually looking for net worth greater than the size of the loan, and liquidity to cover 9 months debt service.

It will take talking to a lot of community banks if you don't have additional funds to showcase liquidity reserves and a higher net worth, as the loan will be full recourse.Partner up - combine your equity with a couple other investors to have 30% equity ready for that $1 Million property. - Tim

Carry pepper spray and a gun on you at all times, because sometimes criminals get drunk and high and do really stupid things.You are The Man.

Here’s some of the numbers I’ve been getting:Demo: 6500 + Dumpsters (395/40yd probably need 3 40’s)Roof: 6910 (real bid, replace some sheathing, repair penetrations, repair gutter, spray entire roof with 100% silicone roofing sealant (the white stuff that’s UV reflective).Tuckpointing: 4500 (back wall of property about 5’ wide and the entire 2 stories needs tuckpointing)Plans: 5000Permits: 2000Framing: 27000 (this I think is insane, but hard to tell without knowing what walls need to be moved/reframed) What’s a good cost on framing in St.

Repayment, as of right now is $300/month for 10 years but I will most likely pay it off quicker.My rent is roughly $700/month including utilities, wifi, etc.I currently have about 15k in liquid assets/cash equivalents and then about 8k in less liquid assets (Mutual funds/Crypto).

We decided to pay off some old debt and we have about $5000 liquid cash left to reinvest.

But it would be wise to have adequate amount of reserve in a liquid investment such as mutual fund.

Having said that, I have had many buyer clients that receive money from non-US persons for down payments, to show post close liquidity, or to pay all-cash for real estate.

Just one more tip when buying aerators make sure they are always bubble aerators, at 1.5gpm they usually will be but at 1 gpm they can be spray which most don't like. 

And while generally real estate appreciates in value, it's not a guarantee, and it is not liquid.