Or some combination of the three...The second position lien bit is a function of the reality that if another entity participates in the financing package, he/she/it is unlikely to accept anything other than first position lien, which pushes the owner into 2nd.The only other option (and I say that with a laugh since there are only about a billion  options) is either bridge financing, unsecured financing, cross-collateral with or without blanket notes, etc.

You'll want anyone who might consider lending to you to know that you can offer them a solid return on their investment.For my first flip, I needed $15k to bridge the gap between the $25k I put down, and my hard money loan.

. :) I was thinking of a scenario where OP finds something 4-unit a little less than $1.5m, and bridging the difference between purchase price and max local FHA loan limit (Bay Area is at ~$1.2m) was something less than 20% down.

Marcel, there are plenty of hard money lenders out there that will provide bridge loans and help you get into 30 year mortgages.

My current strategy is to find properties with underutilized zonning and force some appreciation by converting single familes into duplex or more;  Because asking price and valutions are getting out of hand....banks are asking people to bring a lot of money to close to bridge the gap..I hope this help.   

ClintonI would hang onto as much of your credit as possibleI see your pointbutbig payouts means big riskyou can reduce the amount of earnest money just askyou can short term bridge loan but remember there is fees to considercrunch the numbers add 20% and do the deal if it makes senseenjoy

Perhaps check out Hoods on Natural Bridge for cabinets and countertops and Airport Appliances (pretty much next door to Hoods) and see what your options are. 

If you are going from living for free at your parent's house or under the bridge at the interstate, you may be just even but have a better living condition.

Pleasant just north of the bridge from Charleston, SC.

I have some coworkers that might be able to bridge the gap but I don't want a partner just for the money.