PG's are worthless those that have PGs that are worth anything dont need gap funding they have the cash.this is a play for folks you know well .. not for internet facebook BP etc.. people that do this do it because they know you like you trust you and think your a good operator.Public has to many other choices that are much safer bet.. its not always about ROI with those with money..

However, the mortgage part has some flexibility.

You might want to check with local credit unions or community banks, as they’re often more flexible with second mortgages. 

Sellers can sometimes be flexible with these terms, especially if it means closing the deal. 3.

If you have deep pockets, I think Austin will eventually reward you, but if you are a newbie in real estate looking to cash flow positive day one or shortly thereafter, Austin is probably not your best bet in TEXAS.  

As a rental, tenants will likely prioritize the location over minor inconveniences.Your strategy of betting on appreciation and eventually pulling equity makes a lot of sense in this market.

I am only familiar with Texas and while there is sometimes limited flexibility it’s basically 100% due at sale.  

Liquidating the property is by far your best bet. 

My friend in Austin was telling me how he once lost track of funds because he used only one main bank account.. that got messy real fast.According to something I read in Forbes, many banks let you label accounts in a more flexible way.

Scripts will only get you so far, once you open up the conversation you need to be flexible with how the conversation flows.