I've used them (not sure if I can name, but starts with an R and ends with an A) on about 6 or 7 of my deals so far and its true 100%, no money down financing.The only catch is that they cross collateralize against other properties you own - including your primary residence.But they close and are very thorough.Their appraiser and rehab inspectors are very good too.

Soon the DNS starts issuing fines to the owner, but the collateral damage to the neighborhood is already done.Abundant cash flow is a myth, especially if you invest remote, pay a PM and you are buying 100-year-old buildings with financing.

House is collateral for lender.

(Some will consider the POHs as collateral if under 15 years old - these aren’t.

This might include interest-only payments, longer or shorter loan terms, or different collateral arrangements. 

Can you use this same property as the collateral for the lender?

Almost no lender will allow you to sell the lots separately if all three were pledged as collateral.  

I believe we’d also need to cross-collateralize our 2 existing properties (Florida and Virginia) as part of this.

TX can be great because the collateral value is usually strong but the paper itself can be a bit more expensive.

I am however looking to borrow against them as collateral.