I even identified a viable property to do this already, but may not have my ducks in line yet to execute with a group.If I can get a fund going, I plan to scale it and do more of these projects since I have the blue print to do this over and over, but just need cash.

The HML covered 100% of the $32,500 rehab budget through drawbacks.Refinance: Post-rehab, I refinanced into a primary mortgage, creating 25.5% equity in the property.Future Financing: I plan to leverage the property with a HELOC to access up to $86,000 in capital for future deals.

Dmitri then called the 10K an "onboarding fee" as a means of justifying why the fee would have to come first and reiterated that it would be 10K up front for every property I might want to purchase (if my intent was to purchase 2 properties it would be 20K up front, and if my plan was to buy 5, then it would be 50K up front). 

My plan is to put 5% down on a 30-year conventional loan and have the rental income help cover part of the mortgage.

I plan to appeal this but I'd like to hear if this has happned to anyone else.

Federal Trade Commission (FTC): - https://reportfraud.ftc.gov/2.

You want to focus on markets that work with your plan and also where you have a personal connection with someone, even if you build that on the internet.

Have you thought about this approach or considered a phased plan to build up your portfolio?

These platforms are affordable and offer comprehensive reports (credit, background, eviction history) without you having to handle sensitive information directly.Verify Employment and Landlord History: Your plan to request pay stubs and a landlord reference is solid.

I also look at future development plans in the area, as new projects can increase property values and attract more renters.