Can I do the part my LO and bank are failing to do, and simply have the appraiser resubmit?

Rarely do we get a solid SF deal (not a land contract or funky LO) that gives us a discount and cash flow.The highest debt service I have is 6/9 of rent and it breaks even.

Hi Davon,I looked into this extensively a few years ago and found exactly one loan processor in California (no idea who the LO was) who had done a single renovation loan that included the financed cost of moving the house from Point A and plopping it down on Point B (which was zoned residential and had historic utilities, etc, from a past home).

She did and, lo and behold, there was a broken pipe and the house was flooding.

What I was considering was a $3500ish l/o and raising rent to $1000/mth.

For the 70% LTV, say wrap/assume/L/O the 70% and S% in cash, with D% in owner second, such that 70%+S%+D% <= 100% of YOUR value.You could also see if the seller would be an equity partner for part of it, i.e. offer them x% of the portfolio as an equity part. 

I'm getting into LO's (focusing on cooperative but keeping SLO on the table) while doing my day job.

I've been successful with rental, LO's and flips and am now venturing into WSing.

Both are true.They are in fact a pain in the butt for the LO, but "not that bad" for you.I won't do it unless the loan amount is over $350k or so.

The LO would be between the tenant and I.