@Michaela Hayes What about these projects would make it compelling for a lender to offer 100% financing?

Quote from @Patricio Acosta: I finally found the perfect flip in Coronado, San Diego—the agent hasn’t received any offers, the listing price is reasonable, and the home has huge potential.

These include drafting offering documents, adhering to ongoing disclosure rules, and audits, which can easily run tens or hundreds of thousands of dollars.

However, many sellers will not accept an offer subject to an appraisal. 

If I add up all the lender fees and my holding costs—like points, origination fees, and interest —I can figure out how much profit I’ll make and what my maximum offer should be.

Just like the asking price, just because the owner suggests one interest rate or term doesn't mean you can't offer something different. 

I may specialize in VA loans, but I also offer a range a conventional, FHA, USDA and commercial lending options. 

For example, the insurance company offers you $100k.

Does any lenders offer these DSCR loan terms?

We stay in contact with this agent and I guess she made a couple of verbal offers for us after the agreement had expired.