It would have been easy to say this market is too hot right now and its not going to work, but we got really clear on what we were looking for and the timeline and lo and behold we found the best investment to-date within the timeline and have already closed on it.   

I get being drawn to neighborhoods where people want to be; Wash Park, Park Hill, Lo-Hi, Highlands, etc but to your original post, those neighborhoods are prohibitively expensive.What's your current living situation? 

Lo and behold, my lender calls me 7 days before closing to tell me another appraisal needs to be ordered (that I have to pay for).

@xyronI can get you in touch with my LO here in San Diego who might be able to help.

Quote from @Lei Lo: Hello All,I am newbie to real estate investing but learning a lot reading the forums here and from the webinars. 

The LO who is quoting that should be ashamed.3.742% in origination? 

DURANT OKLAHOMACLICK THE LINK https://app.rehabvaluator.com/hkhewg0b43806-H What made you interested in investing in this type of deal?

uhh yes this is totally occupancy fraud, and your LO should know better than to be advising you to go about it this way. he's right that people's lives change and situations come up, but to guide you in this direction seems to be negligent behavior at best, fraudulent at worst. consider the implications if the lender found out you had no intention of moving in, but knowingly took out an owner-occ loan.... the note could become due and payable. like, all of it. immediately. worth the risk for an additional 5% cash-out?

Thomas Miller -- RE Agent -- zillow.com/profile/gtmiller0 Jason Zamoiski -- Mortgage Broker -- Spoke with the Seller to convince them I was someone worth going with, beat out higher other offers due to this -- atlanticcoastmortgage.com/lo/jason-zamoiski/

Sounds like a disconnect between the LO and the underwriter.