Most lenders will do a hard credit pull before presenting a formalized term sheet, but that is after a property is under contract and your offer is accepted/you submit a full application and send in a credit authorization. 20% down with no STR experience is pretty normal on the market, but you will likely be using a haircut AirDNA projection instead of the full 100% to qualify you. 

He makes the deposit and gets a receipt from the bank for his cash/check deposit which I find preferable to having to accept cash myself which I consider to be a security risk.

Alternatively, I could hope that my next assignment will be in a better market with more options, maybe lower rates, and more cash on hand.Should I accept that no market is perfect and get in the game now, or hold out for a year to enter a potentially better market with more capital to invest?

They do not accept anyone on their platform till one have 25+ properties.

@Alec Jacobs I would say it's more mainstream in higher priced markets.

Not saying they will not accept it, but showing a comparison of what the seller may consider. 

I just don't want to the builder to think that this was not caused by the crack once sealed and hence not accept responsibility of the structural problem.

I just don't want to the builder to think that this was not caused by the crack once sealed and hence not accept responsibility of the structural problem.

Though there’s nothing wrong with using a broker, we originate our loans locally and don’t accept investors, fractionalize, or invest in funds.

Purchase price: $215,000 Cash invested: $75,000 Sale price: $336,700 Active in MLS for only 3 days before accepting offer - closed for a $46,700 profit!