You can’t close discussions on here, but this is a clear cut case with my attorney.

arbitrage is not a short cut to owning property.

Renters see that the whole neighborhood is available for rent and they push to see who will give them the best deal (or which agent will cut them a deal). 

AI can be tricky to prove sometimes.I use cut/paste for questions that are asked every day.

So if lots of parking, ideally walking distance to busses or transportation to cut down on cars, you might get away with it (legally).Operationally;  this is a can of worms to manage. 

If the concern is max cash out, you can cross collateralize the properties to cut down on costly processing fees.  

So it will add time, and then you have to cut up and throw out big boxes. 

Further, I had negotiated 12 months interest reserve; they cut that to 3 months.  

If you thinking there is some "giant" "fat" to cut out of Real Estate transactions I'm sorry it just is not true.

Borrower Types: The Professional - HM Lender will cut sweet-heart deals to keep these borrowers around Experienced real estate investors Regularly engage in property transactions Typically have a track record of successful projects The Newbie - Charge Higher everything as the risk is higher as no experience Novice investors or first-time borrowers Limited experience in real estate Seeking to build their investment portfolio The Deadbeat - Only lend if the deal is so SWEET, they can't lose if they take the property from the Borrower Borrowers with poor credit history or financial difficulties High-risk borrowers May struggle to secure traditional financingThe lender will do an application on the deal/borrower and some standard docs they require are:Hard Money Application / ExperiencePurchase contractARV report – COMPS – See * Redfin*Pictures of Property – most people use Dropbox to shareProof of Funds – Down / Reserves (Bank Statements)Personal identification (ID or passport)But usually if the deal is sweet enough, they will do it anyway because if the deal goes south, there is so much equity/value in the property that the HM lender can't lose.