Your LO could leave the company, lose their job, etc.

You can also L/O or Lease option the home which allow you the cash flow advantages of being a Landlord mix with the Flipping advantage of cashing out once the tenant buyer purchases the home at the end of the lease term (generally between 2-5), also known as Hybrid Investing.

@Johnson Lo - Trust but verify.

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.

. , @Richard Durant, @R J DrahcirSome of my BEST tenants have come to me under these circumstances - - and that's over 19yrs of Buy & Hold. 

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.