Traditional AudioVideo (AV) is also a part of this connected world.

We are now preparing to strategically grow our brokerage business, and we would like to approach the process with a "blank slate" in order to not bring in a "traditional brokerage" mentality.  

The next step in the plan is to pay off the line of credit with a traditional 30yr mortgage once the property is paid for and occupied.

What this means is that no traditional mortgage company will finance the home as the 2nd lien holder so if you plan on refinancing or selling the home, you have to pay off the "program" to be able to do so.(3) Some of these "programs" have penalties attached for early pay off or transfer of loan to another.(4)  The interest rates on these "programs" for these loans are high as many of them do not use credit scores to qualify people seeking the loans.Finally, there was a recent news article in my local paper about the "HERO" program [one of the green programs] which warned about using the program for these very reasons:**Beth Mills, a spokeswoman for California Banking Association, said in a telephone interview that any program that makes homes more energy-efficient is valuable, but the financing structure is problematic.

So far it seems more lenders I work with have the traditional requirement (e.g., debt to income ratio below a certain amount).

I don't have any additional expenses over what a traditional tenant would cost. 

Christian Bors It is bank own

I do think it is very important to disclose that I am a Realtor and provide the seller with the option to sell the home traditionally or possibly get from under the property quick with a possible "cash" buyer.

It would be wonderful to hear from others that have experience with financing, we are still trying to decide the best approach to funding ourselves, 401k Loans, Solo 401k, private lenders, or traditional banks.

Justin Deane if you have the funds to pay cash, you can do a double close and sell REOs buts it's not the traditional wholesaling format.