And so on.A single short sale (in this particular scenario) simply puts a band-aid on a severed foot.

A traditional flip simply requires more cash than you have.

It's still only 3 bedrooms and 1 bathroom and I am in the hole about 140k and fair market value is about $145K-50K. 

Lastly, it could be that the bank is going to portfolio your loan at below-market pricing because they want the entire banking relationship (deposits, transaction processing, consumer lending, etc) or simply want the risk (yield).Lots of local and regional banks have been retaining loans at really aggressive pricing recently as the current environment makes this favorable for them.

So step back, maybe simply ask "why is the price what it is". 

As Bruce mentioned, simply open a bank account specifically for the rental property and run everything through there. 

Be honest and follow the correct steps and you won't have any problems, unless the UW simply doesn't like it.Overall, the process is pretty standard, but if you don't follow the rules, you will have a heck of a time getting the conventional financing.Cheers!

Wayne simply due to the fact that it's a much larger city.

If you are not licensed therefore cannot legally do anything other then DSCR you simply have not seen how it works in reality and how DSCR loans (on credit, not on credit or in an entity or not) effect the next full doc loan.

The online course was simply Tom reading through a PowerPoint he made.