Moderator,, this is not a solicitation, US Commercial doesn't do Fannie loans and we always suggest borrowers exhaust any conventional funding sources before going portfolio.Hope this helps,Stephaniehttps://www.fanniemae.com/content/guide/selling/b2...

@Aaron Dvorinto answer your questions directly yes and yes.Some lenders can go to 75% and yes there is an experience requirement for many.You're in the shopping phase and it's important for you to exhaust each avenue, full doc, no doc and anything in between.  

This can often be a homeowner who really doesn't want the property anymore, and thought they had no way out, so if you can just pay off the mortgage, back taxes, etc. that might be all they need.If you've exhausted the tax records, try googling their name and address, or search for them on Facebook.

This VRBO/Airbnb debate is old and exhausting they both have pros and cons.

I am determined to get the work done, and I am disciplined enough to keep going when I hit a snag, and I will be devoted to this one property, or however many I'm working on, until I have exhausted all avenues in my attempt to buy it. 

I also wanted to tell you guys a little about the deal as my wife in tired of listening to me talk about this rental at this point.2 Bed, 1Value: $70,000Purchase: $52,000 (or 65,000 Financed)Down Payment: $0 (Financed)Closing Costs: $3,969PITI: $348Rent: $850Vacancy: 10% (Property Managers say it is only 6% for the area but we want to be conservative)Maintenance and Capex: 8%CoC: 105%Cap Rate: 10.58%The maintenance and Capex sound low % wise but I worked with the appraiser, contractor, and some other resources to create an exhaustive list of all of the Capex's and it came out to about 4.5%.

At this point, you've already exhausted your cash flow and now you're paying for the investment instead of it paying you.

We sold it almost 2 years ago just as the market was turning in our favor, but by then had exhausted savings and had some unexpected medical bills from our daughter that forced our hand to sell it and take the small amount of equity we had.

So, mitigation is the more profitable action to exhaust first.I think best play involves typing up Brothers share and bulletproofing deal without much of any cash now.

I am exhausted!!!