I don’t have a loan on the property and hold it cash, but, if I sell it would lend the profits as hard money and earn 10%+. 

Since i had capital and had access to my commercial banks for the best rates possible on vertical and horizontal loans..

For "Foreign Borrowers" your loans are very limited. 

Having the seller carry a second is not a problem for the first, as long as their business with you is finished and the loan has closed.

And if it's a high amount, would you be better off just using that as a downpayment and get a standard new investment loan?

Almost every realtor has several investors ready to invest at least $2 million in cash.If you’re planning to use hard money loans, agents won’t show properties without prior proof of funds.I’m curious, is this a general market trend in Ohio or just this particular realtor’s approach?

After funding 2,000+ loans across the country I know most lenders will have issues with these 2 things.

It was 50K loan for 6 months at 20% interest.

We process, underwrite, close and fund the loan.  

@Hank Bank BRRRR is probably want you want to do.Buy, Renovate, Rent, Refi, Repeat.Before you go all in and either find out you don't like being a landlord or you make costly mistakes, start with just the next one.You'll have some challenges with tapping the equity in the townhouse:1) What loan amount can you qualify with your credit & income?